[Special Stock] Kiwoom Securities Rises on Expectations of Shareholder Returns Following Strong Earnings

Kiwoom Securities' stock price is on the rise. Expectations for expanded shareholder returns following strong second-quarter earnings appear to be influencing the stock price.

At 9:48 a.m. on the 1st, Kiwoom Securities was trading at 136,200 KRW, up 2.56% from the previous day.

Baeseung Jeon, a researcher at LS Securities, noted, "The strong performance trend continued in the second quarter," adding, "Return on equity (ROE) remained high at 20%."

He further stated that based on this earnings improvement, expectations for expanded shareholder returns are rising. He analyzed, "There is a high possibility of conducting treasury stock cancellations in the second half of the year," and "As new business expansions such as issuance of commercial papers continue, the creation of high profitability and expansion of shareholder returns are proceeding simultaneously, which will likely provide strong downside support for the stock price."