[Featured Stock] Kiwoom Securities Starts Upward Movement with First Value-Up Disclosure Among Listed Companies

[Image source=Yonhap News]

Kiwoom Securities is showing an upward trend even in a bearish market after being the first listed company to specifically disclose its 'Corporate Value Enhancement Plan.'

As of 9:05 AM on the 29th, Kiwoom Securities is trading at 127,300 KRW, up 1.19% (1,500 KRW) from the previous day.

Kiwoom Securities was the first among listed companies to announce a detailed value-up disclosure. It set targets such as a return on equity (ROE) of 15%, a shareholder return ratio of over 30%, and a price-to-book ratio (PBR) of more than 1 for the next three years.

Jung Min-ki, a researcher at Samsung Securities, said, "Kiwoom Securities' average ROE over the past five years was 16.9%, and excluding the drop to 8.1% due to the loss from unpaid receivables related to Youngpoong Paper in 2023, it consistently recorded over 10%. In the first quarter of this year, its standalone equity capital was 4.4 trillion KRW, well exceeding the requirements for a mega investment bank (IB) license, indicating limited need for additional capital increases and high policy visibility."

However, he added, "This value-up disclosure is a detailed explanation of the corporate value enhancement plan announced in the fair disclosure on March 13, so the actual impact on the stock price is expected to be limited."

Kiwoom Securities' active sharing of its shareholder return commitment with the market is interpreted as expanding investor sentiment.