Group 1 - SK Telecom Co., Ltd. filed its Annual Report on Form 20-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission on April 29, 2025 [1] - The 2024 Annual Report can be accessed on SK Telecom's official website and the U.S. Securities and Exchange Commission's website [1] - Printed copies of the complete audited financial statements for the year ended December 31, 2024 can be requested free of charge [1]

Group 1 - Telecom stocks may not be attractive due to high debt loads, but economic uncertainty has increased market volatility, making them potentially appealing income options [1] Group 2 - The article emphasizes the importance of conducting due diligence for investors, particularly in the context of dividend investing in quality blue-chip stocks, BDCs, and REITs [2] - The author expresses a long position in VZ shares, indicating a personal investment interest [3] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [4]

Core Viewpoint - AT&T's stock is experiencing a positive outlook, trading at its highest levels since 2019, following a challenging period marked by a dividend cut in 2022 after 35 consecutive years of increases [1][5]. Company Focus and Strategy - AT&T has shifted its focus exclusively to wireless and fiber services, correcting previous costly mistakes from acquisitions like DirecTV and Time Warner, which were sold at significant losses [2][3]. - In Q1, AT&T reported 324,000 postpaid wireless net additions and 261,000 net additions in its fiber business, indicating a successful strategy [3]. Financial Performance - In Q1, AT&T generated nearly $31 billion in revenue, reflecting a modest 2% year-over-year growth, while net income attributable to AT&T was just under $4.4 billion, marking a 26% annual increase [4]. - The company faced rising costs and expenses, but $1.4 billion in equity from net income of affiliates contributed positively to its profits [4]. Dividend and Cash Flow - AT&T currently offers a dividend of $1.11 per share annually, resulting in a dividend yield of 4.1%, significantly higher than the S&P 500's average of 1.4% [5][10]. - The dividend cost the company $2.1 billion in Q1, but with over $3.1 billion in free cash flow, AT&T has sufficient cash for dividends and other purposes [5]. Debt Management - AT&T holds a total debt of $126 billion, which is substantial compared to its $120 billion in book value, but has made progress by paying off over $7 billion in debt over the last year [6]. Stock Performance - Over the past year, AT&T's stock has increased by nearly 75%, reaching levels close to its highest since the pandemic began, and remains relatively inexpensive with a P/E ratio of 19 [7]. - The stock has outperformed T-Mobile, which trades at 27 times earnings, while AT&T's dividend yield of 4.1% is significantly higher than T-Mobile's 1.2% [8][10]. Investment Considerations - Given its recent performance, both income and growth investors have reasons to consider AT&T stock, especially due to its high dividend yield and low P/E ratio [11][12]. - Despite being a mature company, the combination of a strong dividend and attractive valuation may present profitable opportunities for investors [12].

Core Viewpoint - The low-altitude economy is emerging as a new engine for promoting high-quality economic development in China, with a focus on building a comprehensive ecosystem and innovative applications in low-altitude scenarios [1]. Group 1: Infrastructure Development - China Unicom is establishing a "1+1+3+N" capability system centered around low-altitude smart networks, low-altitude data intelligence, and various application platforms [1]. - The "Five Networks Integration" model, including communication, navigation, perception, computing, and meteorological networks, is being developed to support the low-altitude industry [2][4]. Group 2: Platform Empowerment - China Unicom and Xiamen University are jointly creating three major platforms: low-altitude airspace management, low-altitude application, and low-altitude safety supervision, which will enhance safety and efficiency in low-altitude operations [5][6]. - The 5G-A low-altitude safety supervision platform focuses on drone management, providing secure and efficient support for low-altitude flight applications [6]. Group 3: Application Scenarios - The Xiamen Xiangnan Aviation Industrial Park is being utilized as a testing ground for various drone applications, enabling performance verification and technology optimization [7]. - Collaborative projects are being initiated in areas such as smart healthcare, traffic facility inspection, urban governance, and cross-island logistics, aiming to drive innovation and development in the low-altitude economy [9]. Group 4: Strategic Collaboration - The strategic cooperation between China Unicom and Xiamen University aims to accelerate the establishment of a low-altitude economy joint laboratory and deepen collaboration across various sectors [9].

Group 1 - Telkom Indonesia has filed its annual report on Form 20-F for the year 2024 with the U.S. Securities and Exchange Commission as required by the New York Stock Exchange Listed Company Manual [1] - The 20-F report is accessible on Telkom Indonesia's official website and the SEC website [1] - Holders of Telkom Indonesia's securities can request a hard copy of the 20-F report, including audited financial statements, free of charge [2]

Core Insights - AT&T and Verizon are major players in the North American telecommunications industry, with Verizon currently positioned as the largest wireless carrier following its acquisition of Alltel Wireless Corp [2][3]. Verizon's Position - Verizon is experiencing significant growth due to 5G adoption and fixed wireless broadband momentum, expanding its 5G Ultra-Wideband network across the country [4]. - The company is shifting its revenue mix towards new growth areas such as cloud, security, and professional services, forming strategic partnerships with Accenture and NVIDIA [4][5]. - Verizon has introduced a three-year price lock guarantee for its plans, ensuring stable pricing for customers [5]. - The company is expanding its fiber network through strategic acquisitions, including the buyout of Frontier Communication, expected to enhance its broadband customer base by 2026 [5]. - Verizon's dividend payout rate is 58%, and its debt-to-capital ratio is projected to decrease from 61.6% in 2023 to 58.9% in 2024, indicating strong operational efficiency [5]. AT&T's Position - AT&T is focusing on a customer-centric business model, showing healthy momentum in its postpaid wireless business with lower churn rates and increased adoption of higher-tier plans [7]. - The company is enhancing its mobile 5G and fixed wireless services, leveraging partnerships with Ericsson and Nokia to improve network infrastructure [7][8]. - AT&T has introduced the AT&T Guarantee, which offers bill credits for network outages, and is collaborating with Microsoft to enhance its 5G network through cloud integration [8]. - The company's dividend payout rate stands at 50.1%, with a debt-to-capital ratio of 51.1% in 2024, reflecting a focus on debt management [8][9]. Competitive Landscape - Both Verizon and AT&T face intense competition from each other and T-Mobile, with increasing promotional spending impacting margins [6][10]. - Verizon's wireline business is under pressure from VoIP providers and aggressive offerings from cable companies [6]. - AT&T's nationwide wireless service outage has affected customer trust, and its discount strategies are leading to margin pressures [10]. Financial Estimates - The Zacks Consensus Estimate for Verizon's 2025 sales and EPS indicates year-over-year growth of 1.68% and 2.18%, respectively [11]. - In contrast, AT&T's 2025 sales are projected to grow by 1.5%, while EPS is expected to decline by 7.08% [12]. Valuation and Performance - Over the past year, Verizon's stock has gained 5%, while AT&T has seen a significant increase of 58.6% [13]. - From a valuation perspective, Verizon's shares trade at a forward P/E ratio of 8.83, compared to AT&T's 12.52, making Verizon appear more attractive [14]. Investment Outlook - Both companies anticipate modest revenue growth and improved cash flow in 2025, with Verizon's strategic collaborations and network upgrades serving as key growth drivers [16]. - Despite AT&T's strong subscriber momentum and focus on debt management, Verizon's attractive valuation, higher dividend payout rate, and resilient business model position it as a better investment option currently [16].

Core Viewpoint - SK Telecom, South Korea's largest carrier, is replacing mobile SIM chips for its 23 million users following a significant data breach that compromised personal information [3][4]. Group 1: Incident Overview - The data breach involved malicious code that led to the compromise of customer personal information, prompting an apology from the company and a government review of the national data protection system [4]. - SK Telecom has not disclosed the extent of the damage or the identity of the attackers [4]. Group 2: Response Actions - Starting from 10 am on Monday, SK Telecom began replacing USIM chips free of charge at 2,600 carrier stores nationwide [5]. - The company has committed to taking full responsibility and has encouraged users to sign up for an information protection service [5]. Group 3: Supply Chain Challenges - SK Telecom has acknowledged that it has secured less than 5% of the USIM cards needed for its customer base and plans to procure an additional five million chips by the end of May [6]. - Customers expressed concerns about the lack of transparency regarding the extent of the information leak and the number of affected subscribers [6]. Group 4: Cybersecurity Context - South Korea has been a frequent target of cyber hacking, particularly from North Korea, which has been implicated in several major attacks [7]. - In a related incident, North Korean hackers were reported to have stolen sensitive data from a South Korean court computer network over a two-year period, amounting to over one gigabyte of data [8].

Core Viewpoint - The launch of the 10G broadband pilot projects in Sanya and Baoting marks the beginning of the "10G era" for household broadband in Hainan, enhancing digital economy and quality of life through advanced applications [2][3]. Group 1: Project Launch - Hainan Unicom has completed the 10G broadband access in Sanya's Baoli Qitang community, while Hainan Telecom has also launched a pilot in Baoting's Baocheng Phoenix community on the same day [2]. - The Ministry of Industry and Information Technology has announced the inclusion of three projects from Hainan in the 10G optical network pilot list, which covers 168 communities, factories, and parks across 86 cities in 30 provinces [2]. Group 2: Technological Advancements - The 10G optical network, utilizing 50G PON technology and FTTR (Fiber to the Room), enables end-to-end 10G access from the data center to the user's desktop, with individual user upload and download speeds exceeding 10G [2]. - The 10G network offers a significant speed increase of 5-10 times compared to gigabit broadband, facilitating ultra-high bandwidth, reliability, and low latency for new digital applications [3]. Group 3: Impact on Digital Applications - The introduction of 10G broadband will support advanced applications such as XR, ultra-high-definition video streaming, cloud gaming, and 3D live broadcasting, enhancing user experience and engagement [2][3]. - Users can expect rapid downloads, such as a 2-hour 8K movie in just seconds, and seamless operation of high-end cloud games, providing a local gaming experience [2].

Group 1 - Dongguan Mobile successfully assisted the Dongguan Water Authority in the private deployment trial of the DeepSeek large model, marking the first integration of AI technology into the city's water management system [3][4] - The DeepSeek model focuses on government operations and platform security maintenance, enabling staff to quickly and accurately extract content and analyze key information [3][4] - The introduction of AI technology is expected to transform core business operations in urban water management, enhancing decision-making capabilities in water resource management, supply scheduling, and flood control [3][4] Group 2 - Dongguan Mobile launched the "Mobile to Enterprise + Network Gift" integrated service, providing high-speed, stable dedicated networks for潮玩 (trendy toy) enterprises in Shipaizhen, ensuring rapid data transmission and stable production system operations [5][6] - The dedicated network service allows for gigabit-level high-speed coverage, solving issues related to traditional Wi-Fi networks, and significantly improving production efficiency and collaboration among design teams and factories [5][6] - Over 35% of leading潮玩 enterprises in Shipaizhen have already adopted Dongguan Mobile's information services, with plans to further enhance digital solutions for the潮玩 industry [6]

Core Insights - The article highlights the performance of dividend-paying stocks during market downturns, emphasizing their stability and ability to outperform the S&P 500 in 2025 [1][2] Group 1: AT&T - AT&T is a major U.S. telecom provider with 72.7 million post-paid phone subscribers and 9.3 million fiber optic broadband customers as of the end of 2024 [3] - The stock has a low beta of 0.42, indicating less volatility during market downturns, and offers a dividend yield of 4.1%, which is sustainable as it represents only half of the company's earnings-per-share estimate for 2025 [4] Group 2: Philip Morris International - Philip Morris is the largest tobacco company globally, selling products in 180 countries, and has a beta of 0.44, making it a reliable investment during economic downturns [5] - The company has consistently paid and raised its dividend since 2008, currently yielding 3.2%, and smoke-free products now account for 40% of total sales, indicating a shift towards long-term growth [6] Group 3: The Coca-Cola Company - Coca-Cola is a well-established blue-chip dividend stock with a diverse portfolio of beverages and a low beta of 0.45, making it a stable investment choice [7][8] - The company has a dividend yield of 2.8% and a payout ratio of 69% of 2025 earnings estimates, with a strong track record of increasing dividends over six decades [9]