[Click eStock] "Company K to Maintain Strong Performance Next Year"

[Asia Economy Reporter Jihwan Park] NH Investment & Securities forecasted on the 30th that Company K will continue its streak of strong performance next year following this year.

Junseop Jeong, a researcher at NH Investment & Securities, stated, "Company K recently achieved approximately 785 billion KRW in Assets Under Management (AUM) through large-scale fundraising," adding, "With stable revenue sources secured beyond next year, high profit growth is expected for the coming years."

Company K reached a total AUM of 785 billion KRW this year through fundraising of about 300 billion KRW. With the increase in AUM, management fees are expected to rise to 8.7 billion KRW this year, up 14% from the previous year, and to 11.5 billion KRW next year, a 32% increase due to additional management fees from the New Deal Fund.

Furthermore, earnings related to equity method investments and proprietary account disposals and valuations are also expected to continuously increase. Equity method profits have expanded due to increased fund investment ratios following AUM growth and capital expansion, as well as the listing of high-quality stocks within the portfolio. The proprietary account investment segment is also maintaining high growth. He explained, "Equity method and disposal/valuation profits are expected to reach 14 billion KRW this year, a 47% increase from the previous year," and added, "With VC and Anymedi Solution preparing for listings next year, solid performance is expected to continue." Performance fees are not expected this year but are anticipated to be recognized at around 5.2 billion KRW next year.

Company K's net profit is projected to be 14.1 billion KRW this year and 17.3 billion KRW next year. Researcher Jeong emphasized, "Although the recent interest rate hikes pose some challenges for fundraising, the company has proactively secured AUM and maintains strong fundamentals, so strong performance is expected to continue."