Kiwoom Securities · 039490
Kiwoom Securities: A Tug of War Between the Discount to Book Value and Earnings Sustainability
Analysis date
Published
KRW 216,000 offers an attractive discount to net assets at the end of the first half. However, rather than simply annualizing the strong first-half results, investors need to assess whether profitability can be sustained while defending domestic equity market share and absorbing higher investment and funding costs.
What this report covers
- Trading growth offsets the decline in market share
- Payment obligations remain despite the capital increase
- Assess large PRS investments on net returns
Sign in with Google to continue reading
You have read today's three free reports. You can reread them, or sign in to open another report.
The free reading limit resets at midnight Korea Standard Time.
New here? Signing in with Google also creates your account.
Sign in with Google to read the full report