Woori Financial Group. (Photo = Yonhap News)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] SK Securities expects Woori Financial Group to have the most comfortable performance among large banks. He raised the target stock price from 17,000 won to 18,000 won and suggested an investment opinion 'buy'. Woori Financial Group's closing price on the 28th is 14,590 won.

"In the case of Woori Financial Group, there are fewer concerns over the recent H index ELS compensation as it does not have a large amount of sales of Equity-Linked Securities (ELS) in the wake of the Derivative Linked Fund (DLF) and Lime Fund scandal in the past," SK Securities said on the 29th.

"The less non-banking (securities, etc.) portfolio than other companies, has limited overseas real estate and other related impact," SK Securities said. "Even if we continue to set aside conservative provisions, there is not much concern about our performance as we set aside large-scale additional provisions during the fourth quarter of last year."

 

 

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