Korea Computer Terminal케이씨티

KCT's trailing profits look solid on paper, but a late-October embezzlement complaint, trading halt and listing-review notices now dominate the picture.

KCT, a KOSDAQ-listed maker of terminals and automated equipment, reported trailing twelve-month revenue of ₩21.7B and operating income of ₩3.3B to H1 2026, with a 15.2% operating margin. Its shares closed at ₩1,499 on 2026-10-28, down 59.4% over one year, and the company faces a trading halt and a listing-eligibility review after filing a ₩2.5B embezzlement complaint against a former team leader.

What stands out

• Revenue fell 27.7% in 2024 but rose 97.9% in 2025 to about ₩23.1B, so the year-to-year swings are large.
• Trailing net income is about ₩2.2B with a 9.9% net margin, and trailing return on equity is 6.3%.
• Valuation metrics are low on trailing numbers: P/E 11.9, P/B 0.7, dividend yield 5.3%, while the DCF model's base value is ₩3,180, above the closing price.
• Trailing borrowings are ₩12B against cash of ₩0.8B, and liabilities are 54.4% of equity.
• Foreign ownership slipped from 3.6% to 3.3% over 60 days, and the 20-day flows show foreign and institutional net selling with retail net buying.

What to watch

• The outcome of the listing-eligibility substantive review and the stated decision deadline, which the October notices set out.
• Progress on the embezzlement complaint, the trading halt, and any financial impact disclosed in later filings.
• The CEO change and the extraordinary shareholders' meeting results, which relate to management continuity.