KT, Institutional Investors Net Buy 1,047,779 Shares in Last 5 Days... Stock Price 26,600 KRW (+1.92%)

As of 2:31 PM on the 9th, KT is trading at 26,600 KRW, up 1.92% from the previous day. The trading volume is 1,506,961 shares, which is 131.53% of the previous day's volume. KT is known as a comprehensive wired and wireless telecommunications company.

On March 8, Lee Seung-woong, a researcher at Ebest Investment & Securities, stated, "By the end of 2021, the number of 5G subscribers is expected to reach 6.88 million (+3.26 million yoy), accounting for 30.3% of total subscribers. The company is expected to break out of the long-standing undervaluation phase by transforming into a Digico company equipped with a new growth engine based on the cash cow of wired and wireless communications. Since the performance improvement trend of the wired and wireless business is expected to continue in 2021 and the marketing competition is expected to ease, the possibility of dividend increases is high, so the company’s stock price has sufficient upside potential." He set KT’s target price at 33,000 KRW.

Over the past five days, individual investors have net sold 496,609 shares of KT, while foreigners and institutions have net sold 520,174 shares and net bought 1,047,779 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an article automatic generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.