[Click eStock] "KB Financial to Continue Shareholder-Friendly Policies... Target Price Up"

On the 11th, Kiwoom Securities evaluated that although the growth rate of interest income for KB Financial is slowing down, the company will continue to strengthen its shareholder-friendly policies. Accordingly, they maintained a 'Buy' investment rating and slightly raised the target stock price to 120,000 KRW.

Researcher Kim Eun-gap of Kiwoom Securities stated, "While the growth rate of interest income is expected to stagnate, solid performance can be maintained through non-bank profits and non-interest income."

Researcher Kim forecasted the consolidated net profit for the third quarter to increase by 13.3% year-on-year to 1.55 trillion KRW, slightly revising up from the previous estimate of 1.52 trillion KRW, considering improvements in non-interest income.

Kim analyzed, "Along with the third-quarter results, a corporate value enhancement plan will also be announced. Even without a special plan announcement, shareholder-friendly policies have been steadily strengthened based on a high capital ratio."

He added, "Since the corporate value enhancement plans announced by other bank stocks were specific and challenging, it does not seem easy to include content beyond that, but the announcement will likely meet market expectations as much as possible."