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[Alpha Biz=(Chicago) Reporter Paul Lee] NH Investment & Securities analyzed on the 16th that Korea Financial Group has the highest room for further gains because it is the most undervalued due to real estate PF (project financing).
NH Investment & Securities explained in a report, "Starting with the announcement of its fourth-quarter earnings, investors recognized that it had accumulated an appropriate level of provisions, raising overall expectations."
"The consolidated control loss in the fourth quarter of 2023 was 25.4 billion won, below the consensus. This is the result of recognizing 600 billion won in annual provisions and valuation losses. The figure includes 300 billion won in domestic and overseas assets and 30 billion won in provisions related to Taeyoung Construction," said NH Investment & Securities Co.
"The affiliates other than securities look similar," NH Investment & Securities said. "It is an annual savings bank provision of 200 billion won, a delinquency rate of 5.1%, a capital provision of 70 billion won, and a delinquency rate of 2.2%."
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
