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

Equity Bottom-Up

<ul><li>For 2Q26, Korean Air reported standalone revenue of W5,019.9bn (+25.9% YoY).</li><li>Passenger revenue (W2,847.9bn; +18.8% YoY) was driven by solid inbound and transfer demand, which offset weaker outbound demand from Korea resulting from higher fuel surcharges.</li><li>Cargo revenue (W1,541.9bn; +46.1% YoY) improved sharply, driven by growing AI-related investment, semiconductor demand, and strong K-beauty exports. Standalone operating profit came in at W261.8bn. </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>

For 2Q26, Korean Air reported standalone revenue of W5,019.9bn (+25.9% YoY).Passenger revenue (W2,847.9bn; +18.8% YoY) was driven by solid inbound and transfer demand, which offset weaker outbound demand from Korea resulting from higher fuel surcharges.Cargo revenue (W1,541.9bn; +46.1% YoY) improved sharply, driven by growing AI-related investment, semiconductor demand, and strong K-beauty exports. Standalone operating profit came in at W261.8bn. 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.

Korean Air (003490 KS/Buy) Expectations Rising as Fundamentals Improve

Korean Air Lines

Korean Air (003490 KS/Buy) Expectations Rising as Fundamentals Improve