[EQUITIES] KT to achieve steady growth in Q3: report

[THE INVESTOR] HMC Investment Securities said on Sept. 22 that telecommunications firm KT will continue to gain growth momentum by posting stable earnings in the July-September period, setting its target stock price at 40,000 won (US$35.88).

“KT’s third-quarter revenue and operating profit could come in at 5.6 trillion won and 392.5 billion won, up 3.3 percent and 14.3 percent, respectively, from the same period last year,” Hwang Seong-jin, an analyst from the investment firm, anticipated in his recent investment report.

He said the company’s GiGA internet service will see the number of subscribers exceed 2 million in the third quarter, and the firm’s media series will further grow down the road, thanks to the start of ultra-high definition TV services nationwide in the coming months.

By Kim Young-won (wone0102@heraldcorp.com)