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Kiwoom Securities (photo = Kiwoom Securities) |
[Alpha Biz=(Chicago) Reporter Paul Lee] Hana Securities raised its target stock price from 140,000 won to 160,000 won on the 14th.
On the previous day, Kiwoom Securities announced an annual dividend of 3,000 won and plans to enhance future corporate value. The main point is that the company plans to retire about 2.1 million shares (about 8 percent of the issued shares) of its shares acquired over three years from 2024 to 2026, and maintain its target shareholder return rate at more than 30 percent based on separate net profit until 2025 when it was previously disclosed.
In order to strengthen profitability and growth, the average ROE target for the next three years has been set at 15% by efforts to improve returns on low-yield assets. It also proposed a growth strategy for each business sector
Hana Securities predicted, "Kiwoom Securities will see a significant recovery in its performance due to its high proportion of brokerage and low exposure to real estate PF (project financing), which is the biggest concern in the industry."
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
