DistantNews
Support us
Kiwoom Securities maintains 'buy' on KT&G, sees strong dividend policy expectations
🇰🇷 South Korea /Economy & Trade

Kiwoom Securities maintains 'buy' on KT&G, sees strong dividend policy expectations

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Kiwoom Securities maintained its 'buy' rating and target price of 220,000 won for KT&G.
  • The securities firm expects strong market anticipation for a new shareholder return policy, focusing on interim dividends, in the second half of the year.
  • KT&G's second-quarter revenue increased 9.2% year-on-year to 1.691 trillion won, with operating profit up 14.5%.

Kiwoom Securities has reiterated its positive outlook on KT&G, maintaining a 'buy' rating and a target stock price of 220,000 won. The firm anticipates a significant increase in market expectations for KT&G's upcoming shareholder return policy, particularly its focus on interim dividends, during the latter half of this year.

This optimism is supported by KT&G's recent financial performance. In the second quarter, the company reported a 9.2% year-on-year increase in consolidated revenue, reaching 1.691 trillion won. Operating profit also saw a substantial rise of 14.5% over the same period.

Analysts at Kiwoom Securities believe these positive financial results and the strategic shift towards enhanced shareholder returns will drive investor interest. The company's commitment to a new policy centered on interim dividends is seen as a key factor that will likely strengthen its appeal in the market.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog