[EQUITIES] HMC Investment Securities projects on-target Q3 profit for SKT

[THE INVESTOR] HMC Investment & Securities forecast Korea’s largest wireless carrier SK Telecom to post sales of 4.32 trillion (US$3.87 billion) in the third quarter on a consolidated basis to reflect a 1 percent increase on-year.

The figure is on target with market estimates, along with operating profit forecast of 414.6 billion won, down 15.5 percent.

The brokerage also raised the earning per share growth for SK Telecom in 2017 to 19.2 percent.

By Kim Ji-hyun (jemmie@heraldcorp.com)