Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Anthropic's Valuation Surges to $800 Billlion or More - Positive Impact on SK Telecom

Asian Equities: Model Portfolio Completes a Year; More to AI Picks and Shovels, Selectively to LLMs

Asian Equities: The Asian Large Cap Focus List - 73 Stocks with Growth, Value, Quality Balance Sheet

Biggest Cyberattack in SK Telecom's History - Likely to Lead to Major Management Changes

SK Telecom's Investment in Anthropic - A Huge Homerun

SK Telecom (017670 KS/Buy)Structural Changes to Begin Driving Profitability Improvement

KT Corp: Likely to Outperform Due to IPOs of HD Hyundai Robotics and K-Bank in 2026

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>On 5 February, SK Telecom reported consolidated operating profit of 1.07 trillion won in 2025, down 41.4% YoY. </li>
<li>Investors are placing a greater emphasis on SK Telecom's earnings turnaround and its  investment in Anthropic rather than dwelling on the loss of customers from the cyber incident in 2025.</li>
<li>If Anthropic's value is US$350 billion, SK Telecom's 0.6% stake would be worth US$2.1 billion (3 trillion won) which would be worth about 18% of its market cap. </li>
</ul>


On 5 February, SK Telecom reported consolidated operating profit of 1.07 trillion won in 2025, down 41.4% YoY. 
Investors are placing a greater emphasis on SK Telecom's earnings turnaround and its  investment in Anthropic rather than dwelling on the loss of customers from the cyber incident in 2025.
If Anthropic's value is US$350 billion, SK Telecom's 0.6% stake would be worth US$2.1 billion (3 trillion won) which would be worth about 18% of its market cap. 


SK Telecom: Worsening Results in 4Q 2025 Offset by Positive Investments in Anthropic and AI