SK Telecom Watchlist
SK Telecom: Better Control of Marketing Expenses & Improving Economies of Scale for 5G in 1Q 2022
186 Views, 10 May 2022 19:10
- 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.