SK Telecom

SK Telecom: Better Control of Marketing Expenses & Improving Economies of Scale for 5G in 1Q 2022

Equity Bottom-Up
186 Views, 10 May 2022 19:10
EXECUTIVE SUMMARY
  • We continue to have a POSITIVE view on SK Telecom following its excellent 1Q 2022 earnings results which displayed solid sales growth and improved control of its marketing expenses.
  • The company's sales of 4.3 trillion won was in line with the consensus estimate and its operating profit of 432 billion won was 8.5% higher than the consensus estimate.
  • Despite concerns about SK Telecom getting deleted from MSCI Korea Index, foreigners have been increasing their stake in the company due to its attractive fundamentals amid macro uncertainties. 
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Douglas Kim
Korea/Asia, New Economy, IPOs, Events
South KoreaEquity Bottom-UpEquity Capital Markets

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following se... 

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