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Kiwoom Securities raised its KB Financial (105560) target price to KRW 240,000 from KRW 230,000, citing record quarterly earnings of KRW 1.99 trillion in Q2, up 14.6% year over year, and first-half net profit of KRW 3.88 trillion, up 13.1%. The core driver is capital return: roughly KRW 3.7 trillion in total shareholder distributions this year for a 55% payout ratio, the highest among Korean banks, which supports the ongoing valuation re-rating of KOSPI financials and keeps the sector a preferred vehicle for foreign dividend and buyback flows. Watch whether buyback and dividend execution tracks that KRW 3.7 trillion figure and whether credit costs or net interest margin pressure emerge, since either would undercut the payout capacity underpinning the higher target.
As a Research signal, watch whether it changes price action, volatility, or flows around 105560, KOSPI.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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