According to a report from South Korean Naver on August 9th, NH Investment & Securities maintained a "buy" rating on KT&G based on the company's active shareholder return policy. They raised the target price from 110,000 Korean won (approximately 576 yuan) to 120,000 Korean won (approximately 628 yuan), an increase of 9.09%. Analyst Ju Young-hoon explained that KT&G announced plans to buy back subsidiary stocks in the second half of the year (3.61 million shares, worth 337.2 billion Korean won, approximately 1.766 billion yuan) based on a long-term (2024-2026) shareholder return plan released at the end of last year, with the intention to immediately destroy these stocks after the acquisition is completed. He also added that KT&G is currently implementing the highest level of shareholder return policy in the country and plans to announce a new Value-up plan in the second half of the year. He predicted that in a volatile stock market, stable performance and increased shareholder returns will enhance the attractiveness of KT&G as an investment.
We welcome news tips, article submissions, interview requests, or comments on this piece.
Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn
Notice
1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.
2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.
3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.
4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.
Copyright
This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.
For copyright-related inquiries, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.
We welcome any corrections or feedback. Please contact us at: info@2firsts.com
