KB Financial 2quarterly net profit 2target price raised by 22ten thousand won on expectations of nearing the trillion-won mark

Hana Securities 12raised KB Financial’s target price from the previous 20ten thousand won to 22ten thousand won. It cited 2quarterly earnings improvement and the resolution of related issues as reasons. The report disclosed this outlook on the same day.

Hana Securities estimated KB Financial’s 2quarterly net profit at 1.97trillion won. The report wrote that this figure would significantly exceed the market consensus. The report explained that it would be the highest level ever since the establishment of the holding company.

The report forecast KB Financial’s total shareholder return ratio at 56%. The report cited the possibility of a refund of the penalty related to Hong Kong ELS as one basis for the return ratio. The report wrote that if the refund were reflected in earnings, it could lift net profit.

Several reports also 2forecast that quarterly net profit could reach around 2trillion won. Some reports raised their target prices based on this outlook. The relevant reports identified earnings and whether reversals occurred as key variables.

NH Securities lowered HiteJinro's target price 25,000from won 23,000to won. The report 2forecast that quarterly operating profit would fall short of the market consensus. The report cited a decline in related sales as the basis for lowering the target price.

The report stated that HiteJinro's beer sales 13% lower. The same report put the dividend yield at 4.4%, describing it as a downside support level. The report added that soju sales held up relatively well.