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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] On August 22, Mirae Asset Securities announced a 'Value Enhancement Plan' that includes the repurchase and retirement of over 100 million of its own shares by 2030. The company aims to achieve a return on equity (ROE) of over 10% and a shareholder return ratio of more than 35% by 2026.
Mirae Asset Securities plans to strengthen the profitability of its domestic and international businesses, particularly with a focus on global operations. The company projects an annual profit increase of over 100 billion won from its global business, boosted by its acquisition of India's Sharekhan brokerage. Long-term, Mirae Asset Securities aims to generate over 500 billion won in pre-tax profit from its global ventures.
As part of its commitment to enhancing shareholder value, Mirae Asset Securities will also focus on increasing the per-share net asset value (BPS) by retiring 100 million shares by 2030. The company plans to retire at least 15 million common shares and 1 million preferred shares annually. This move will reduce the number of publicly traded shares by 24%, from 410 million to 310 million, excluding the largest shareholder's stake.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
