External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

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Equity Bottom-Up

Samsung Fire & Marine Insurance / Equity Bottom-Up

<ul><li>We raise our target price on Samsung Fire &amp; Marine (Samsung F&amp;M) to W480,000 (from W473,000), which we derived by applying a P/B of 1.0x to our 2026F BPS.</li><li>Our target multiple reflects expectations for steady dividend payout ratio increases toward the company’s 50% target.</li><li>That said, with our target price implying slight downside (-4%), we maintain our Hold rating.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We raise our target price on Samsung Fire &amp; Marine (Samsung F&amp;M) to W480,000 (from W473,000), which we derived by applying a P/B of 1.0x to our 2026F BPS.Our target multiple reflects expectations for steady dividend payout ratio increases toward the company’s 50% target.That said, with our target price implying slight downside (-4%), we maintain our Hold rating.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Samsung Fire & Marine (000810 KS/Hold)Payout Ratio to Keep Trending Higher

South Korea

Samsung Fire & Marine Insurance Co., Ltd. provides insurance services. The Company offers auto, fire, marine, casualty, health, leisure, and retirement products and services. Samsung Fire & Marine Insurance serves customers in South Korea.

Samsung Fire & Marine Insurance (000810 KS)

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Samsung Fire & Marine (000810 KS/Hold)Payout Ratio to Keep Trending Higher

We raise our target price on Samsung Fire & Marine (Samsung F&M) to W480,000 (from W473,000), which we derived by applying a P/B of 1.0x to our...

Mirae Asset Securities