A little DD on KTC suggests a large cap value in the foreign telecom sector with about 93% of the Korean market share.
1ADR = ½ a share and there are 284,850,000 shares, thus twice as many ADR’s.
Very low Price to sales ratio, and price to book ratio, just suffered a modest dip, decent base, and began to move off the base after earnings came in on April 27th.
Earnings for Q1 came in at 1,815 Won or $1.93/share US so ½ a share gets earnings for Q1 of 96.5 US cents a share.
Net income came in at 377 billion KW in Q1 2007 vs. 164billion KW in Q4 2006. The sequential earnings per share from Q4 2006 to Q1 2007 looked like this.
Q1 2007 1,815KW vs, Q4 2006 at 769 mil KW.
Based on mildly outdated Morningstar info, the valuation metrics appear reasonable and the price to sales ratio as well as the price to book ratio appears compelling.
quicktake.morningstar.com
Detailed info regarding the financials and the latest report can be viewed at
kt.co.kr
I don’t see this as a big gainer, but potentially a worthy trade off this dip and base. Haven’t really made up my mind, but a stab at it tomorrow is possible.
stockcharts.com!c40!f%5d%5bvc60%5d%5biut!ud20!uh14,3 |
