KB Financial 2quarterly net profit 2Securities firms make a series of target-price adjustments on trillion-won forecast

Hana Securities forecast that KB Financial's 2quarterly net profit would approach 2trillion won. Hana Securities assessed this level as the highest ever. The report noted that concerns over losses related to Hong Kong ELS had been resolved.

Hana Securities raised its target price from the previous 20ten thousand won to 22ten thousand won. As reasons for the increase, it cited 2quarterly earnings improvement and the easing of ELS risks. Other securities firms' views also followed during the same period.

KB Securities set a target price of 12ten thousand won for Hanwha Systems. The report assessed that Hanwha Systems has control of the core value chain of Korea's defense industry. The report included examples of strengthened related business areas.

NH Investment & Securities downgraded its outlook for HiteJinro’s earnings, citing a decline in alcohol consumption as the main reason. NH lowered its target price by 8%.

KB Securities assessed that rising freight rates offset the impact of high oil prices for Korean Air. KB maintained its target price at 3ten thousand6,000won. The report explained the performance of both the cargo and passenger divisions.

Daol Investment & Securities changed its assessment of VM based on the acquisition of new customers and its inclusion in the Kosdaq150 listing. Daol raised its target price by 45.8%. The company’s new inclusion in the Kosdaq150 was introduced in the report.

Reports from these securities firms were released on 6month 11day and 12day. Each report presented the earnings assumptions for the respective stock and the basis for the target-price adjustment. Investors can check the original text of each report.