AlphaBIZ - Yuanta Securities raised its target by 11.1% for Samsung Fire & Marine Insurance, saying it has enough room for further gains

삼성화재 (사진=연합뉴스)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Yuanta Securities said on the 23rd that Samsung Fire & Marine Insurance has enough room to raise its target price from 360,000 won to 400,000 won, maintaining its "buy" investment opinion. The closing price of the previous day is 301,000 won.

Samsung Fire & Marine Insurance Co. said the previous day that its net profit rose 12 percent year-on-year to KRW 1.8216 trillion as of last year's consolidation. Operating profit rose 15.3% year-on-year to 2.3573 trillion won, while sales rose 6.2% year-on-year to 20.8247 trillion won.

Of the pre-tax profits, insurance gains and losses rose 18.6 percent on-year to 2.101 trillion won, while investment gains and losses reached 418.8 billion won.

General insurance grew 112.3% year-on-year to 204.2 billion won in insurance gains and losses.

 

AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)