In today’s briefing:
- SKT Foreign Room Heating Up — Time to Front-Run?
- LG Energy Solution: Light At the End of the Tunnel?
SKT Foreign Room Heating Up — Time to Front-Run?
- SKT’s foreign room jumped from 12% to 20% in two months; if the pace holds, 25% is in play by next review, with ongoing foreign outflows from the SIM leak.
- FOL shifts from foreign room swings have been a classic long-short play in Korea telcos — and the current setup looks similar, with most SIM leak risks already priced in.
- If SKT’s foreign room nears 25%, expect front-running and passive flow imbalances to kick in — a familiar long-short setup that’s historically moved the telco tape early.
LG Energy Solution: Light At the End of the Tunnel?
- LG Energy Solution has been on a dark, long tunnel in the past two and half years. However, there is finally some light showing post its excellent 2Q 2025 results.
- LG Energy Solution reported much better than expected operating profit in 2Q25. It had operating profit of 492.2 billion won (up 152% YoY) and 56.3% higher than consensus in 2Q25.
- The company is showing initial signs of a turnaround, with a significantly better than expected operating profit in 2Q 2025.
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