The investment firm, which manages assets totaling $3.3 trillion, held only 5.61% of KT&G shares in early May. By June, that figure climbed to 7.21%, and the latest DART disclosure confirms a total holding of 8.528 million shares. Known for its patient investment strategy, the firm’s steady accumulation reflects confidence in KT&G’s recent financial performance.
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Capital Research Increases KT&G Stake to 8.22 Percent
U.S.-based Capital Research and Management Company has accelerated its position in KT&G, acquiring an additional 1.04 million shares to reach an 8.22% stake. This latest move marks the firm’s third major accumulation since May, signaling a sustained commitment to the South Korean tobacco giant’s long-term growth trajectory.
KT&G reported a strong first quarter, with revenue hitting 1.7036 trillion KRW and operating profit rising 27.6% year-over-year to 364.5 billion KRW. This momentum was largely driven by record-breaking global cigarette sales, bolstered by strategic pricing and operational cost efficiencies. With the company preparing to unveil enhanced shareholder return policies in the second half of the year, management expects these gains to translate into tangible value for its backers. A company spokesperson noted that the increased institutional interest validates KT&G’s current focus on balancing global business expansion with consistent shareholder payouts.
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