JTC Inc. Decides to Cancel 15B KRW Treasury Shares and Plans Additional 10B KRW Buyback… Shareholder Return Boosted Amid 88% Plunge in Operating Profit
[AI Comprehensive Analysis]Despite positive catalysts such as a 25B KRW treasury share cancellation and a change in the largest shareholder to Affirma Capital, JTC faces significant short-term uncertainty due to an 88% plunge in consolidated operating profit and large impairment losses. While shareholder return policies may support the stock price, a turnaround in earnings appears challenging without reducing dependence on Chinese tourists. Hence, a neutral approach is warranted.