IM Financial Group (139130 KS/Buy)Strong Loan Growth Without Significant Capital Ratio Erosion
Despite strong won-denominated loan growth in 1Q26, the group’s CET1 ratio did not decline significantly QoQ, suggesting that it is likely to...
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IM Financial Group (139130 KS/Buy)Time for a Leap
We raise our target price for iM Financial Group (iMFG) from W21,000 to W25,000, which was derived by applying a target P/B of 0.6x to our 2026F BPS.
113 Views
Korean Government to Announce Specific Measures to Increase Value of Low PBR Stocks in February
Korean government announced it will reveal Corporate Value Program details to reduce stock market valuation discount on 26 February. They include...
1.1k Views
44% of Korean Stocks Are Trading Below Book Value - FSC Wants to Improve This (Following Japan)
A 44% of Korean stocks are trading below book value. FSC wants to improve this, following Japan's "name and shame" policy.
822 Views
Korean Banks: Sharp Rise in Delinquency Ratios in 1Q 2023 & Inverted Yield Curve
We believe that the nine Korean banks (on average) are likely to continue to underperform KOSPI in the next 6-12 months due to the continued rising...
577 Views