0131 GMT - SK Telecom is set to scale up its artificial-intelligence business aggressively this year by leveraging its strong cash flow, rather than increasing dividends, Daiwa Capital analysts Thomas Y. Kwon and Joon Lee write in a note. They note the South Korean wireless carrier's plan to speed up the monetization of AI services from 2025 after its AI-related revenue grew by 19% in 2024. They revises up their 2025-2026 EPS forecasts for the company by 0.3%-3.0% to reflect its improving earnings visibility and tight cost control. Daiwa raises its target for the stock to KRW60,500 from KRW60,000 and keeps an outperform rating. Shares are 0.2% higher at KRW55,200. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
March 10, 2025 21:31 ET (01:31 GMT)
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