[Click eStock] "KB Geumyung, Serious About Share Buybacks... Target Price Up"

On the 24th, Korea Investment & Securities evaluated that KB Financial Group's shareholder return momentum continues through a 400 billion KRW scale share repurchase and cancellation. Accordingly, they maintained a 'Buy' investment rating and raised the target price by 10% to 110,000 KRW.

Baek Doosan, a researcher at Korea Investment & Securities, stated, "Based on solid earnings, we raised this year's net profit forecast by 5% from 4.8 trillion KRW to 5 trillion KRW, also considering the trend of expanded shareholder returns."

Researcher Baek analyzed, "KB Financial's annual share repurchase and cancellation amount reaches 720 billion KRW, and the expected shareholder return ratio for this year, including dividends of 1.2 trillion KRW, is 38.3%."

He added, "The common equity tier 1 capital ratio is also high at 13.6%, providing ample room for further shareholder return expansion. Therefore, next year's share repurchase and cancellation amount is expected to increase to 840 billion KRW."