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

Mirae Asset Securities

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives.

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

Thematic (Sector/Industry)

South korea Financials / Thematic (Sector/Industry)

<ul><li>Momentum: Slow but steady improvement in fundamentals could provide the basis for a valuation recovery.</li><li>Earnings: It appears increasingly likely that 2Q26 will mark an earnings trough, with a rebound likely thereafter.</li><li>In 2H26, the market’s focus may begin to shift beyond the recent series of macro uncertainties (from tariffs and port fees in 2025 to the Middle East conflict in 2026). </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>

Momentum: Slow but steady improvement in fundamentals could provide the basis for a valuation recovery.Earnings: It appears increasingly likely that 2Q26 will mark an earnings trough, with a rebound likely thereafter.In 2H26, the market’s focus may begin to shift beyond the recent series of macro uncertainties (from tariffs and port fees in 2025 to the Middle East conflict in 2026). 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.

[2H26 Outlook] TransportationAdaptability holds the key to market leadership