Hana Securities forecasted on the 22nd that SK Telecom would emerge as a stock benefiting from separate taxation on dividend income. It kept its investment rating at 'Buy' and target price at 70,000 won. The previous day's closing price of SK Telecom was 55,900 won.
Kim Hong-sik, a researcher at Hana Securities, noted that "If separate taxation is applied, the expected dividend yield this year would be 6.3% before tax and 4.6% to 5.3% after tax, which is attractive given the current interest rates," and recommended strategic buying before the quarterly dividends are expected to be determined on the 24th of this month.
Additionally, there have been analyses suggesting that concerns over reduced dividends should consider this year's performance after removing one-time expenses. This is because long-term dividends are determined based on the amount after excluding one-time gains and losses.
SK Telecom's consolidated operating profit for the second quarter of this year is expected to be 364.5 billion won, indicating a significant downturn, with one-time expenses estimated at around 185 billion won. Excluding this, the consolidated operating profit is expected to be around 550 billion won, which is considered favorable according to Kim's assessment.
Kim pointed out that "The current estimated reduction in operating profit due to SIM card hacking is approximately 500 billion won," adding that "investors are worried that this year's consolidated operating profit will only be 1.5 trillion won, but it's important to consider that the company's actual operating profit-generating capacity reaches 2 trillion won."