KT Skylife Co., Ltd. (053210) Decline -1.11% on Dec 8

December 8, 2017 - By Nellie Frank

Shares of KT Skylife Co., Ltd. (KRX:053210) last traded at 13400, representing a move of -1.11%, or -150 per share, on volume of 10 shares. After opening the trading day at 13550, shares of KT Skylife Co., Ltd. traded in a close range. KT Skylife Co., Ltd. currently has a total float of 47.56 million shares and on average sees 69,422 shares exchange hands each day. The stock now has a 52-week low of 12650 and high of 18500.

KOSPI: Building Up South Korean Economy

One of the fastest growing economies in Asia is that of South Korea. KT Skylife Co., Ltd. and other companies prefer to be the constant members of its trades. The country is home to not just a compelling tourism industry but also to a thriving corporate sector. Frankly speaking, it has a limited experience in the national equity market front compared to other nations such as Japan and China. Nonetheless, this does not limit South Korea’s potentials and long-term prospects.

South Korean Trade and Commerce

Trade and commerce in South Korea is just as competitive as it can get in bigger nations with bigger economies. Reliability of KT Skylife Co., Ltd. earn it place inside the market. That is all thanks to the Korea Exchange (KRX).

The KRX is composed of three divisions: the Derivatives Market Division, the KOSDAQ Market Division, and the Stock Market Division.

The Stock Market Division of the KRX is where all publicly traded companies are listed. Tracking their respective performances is the Korea Composite Stock Price Index (KOSPI).

The KOSPI was first published in 1983 but its base date goes back as early as 1980. It monitors all publicly traded companies listed on the Stock Market Division of the KRX as a market-capitalization-weighted index. The base value is 100.

With more than 700 components, the KOSPI had to be divided into sub-indices for better indication. These sub-indices are the KOSPI 200, the KOSPI 100, and the KOSPI 50. These measure the top 200, top 100, and top 50 companies listed on the Stock Market Division of the KRX, respectively. A stock cannot be included in both the KOSPI 100 and the KOSPI 50 if it is not included in the KOSPI 200. Similarly, it cannot be included in the KOSPI 50 if it is not included in the KOSPI 100. This structure allows KT Skylife Co., Ltd. to receive more investors.

Significant Figures

The KOSPI had attained its all-time low of 93.10 in January 1981. Decades later, it had attained its all-time high of 2,228.98 in May 2011, four years after it had first touched the 2,000 mark.

The KOSPI had its biggest one-day surge on June 17, 1998. It had risen 8.50% or 23.81 as the South Korean economy healed from the repercussions of the financial crisis in Asia, which had rooted from Thailand.

On the other hand, its biggest one-day drop had happened on September 12, 2001, a day after the twin towers in the US had been attacked. The tragedy had caused global economy turmoil as investors panicked amid the threats.

The KOSPI 200 currently accounts for about 70% of the overall market capitalization on the Stock Market Division of the KRX. It has an all-time low of 31.96, which was last seen in June 1998; an all-time high of 100, which was last seen in April 2007.

Asia is widely expected to account for more than quarter of the global financial wealth by 2019. This is why investors are looking forward to invest in leading Asian countries with the capabilities to realize long-term prospects. They check the liquidity of KT Skylife Co., Ltd..

There is no better time to enter the South Korean equity market than today. At a time when the Asian economy is swelling with massive economic gains across leading countries, it is only ideal for investors to bet on the South Korean economy.

KT Skylife Co., Ltd., a media company, provides digital satellite broadcasting services in South Korea. The company has market cap of $637.35 billion. The firm offers skylifeTV, a satellite broadcasting platform; skyPetpark, an animal channel; and skyA & C, a culture and arts channel, as well as various other channels, including SkyTravel, SkyDrama, SkySports, SkyICT, Skyent, and SkyHealing. It currently has negative earnings. It also provides SkyLife HD, a high-definition real-time satellite broadcast of multi-channel items; Smart PVR, a personal recording service; Smart set-top boxes for user-centered UI and UX; and olleh tv skylife, a product that combines satellite and IPTV.

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