[Featured Stock] Meritz Financial Group, 10 Consecutive Trading Days of Gains... New High

Meritz Financial Group has been on a continuous upward trend for 10 trading days, repeatedly hitting new 52-week highs.

As of 9:35 AM on the 20th, Meritz Financial Group is trading at 91,900 KRW, up 900 KRW (0.99%) from the previous day. During the session, it rose to 92,200 KRW, setting a new 52-week high again. Meritz Financial Group has been rising for 10 consecutive days since the 6th.

Institutions are driving the stock price increase. Institutions have been net buyers of Meritz Financial Group for 9 consecutive days up to the previous day.

The stock price rise is interpreted as being driven by expectations of shareholder returns following strong earnings. Taejun Jeong, a researcher at Mirae Asset Securities, said, "Meritz Financial Group's controlling shareholder net profit for the second quarter of this year was 730.1 billion KRW, exceeding the consensus (average securities firm forecast) of 603.8 billion KRW. Both insurance profit and investment profit significantly surpassed estimates, achieving solid results," adding, "As the company announced earnings exceeding expectations, the amount of shareholder returns is also expected to surpass previous estimates. Accordingly, the shareholder return yield for this year is projected to reach 7.2%."

Hyejin Park, a researcher at Daishin Securities, also said, "The second quarter net profit exceeded our estimate by nearly 200 billion KRW, so the expected return rate will be higher," and added, "The strong earnings naturally lead to an increase in the return rate, making it impossible not to welcome the earnings surprise."