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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Nh Investment & Securities / Equity Bottom-Up

<ul><li>We raise our target price for NH Investment &amp; Securities (NH I&amp;S) to W28,000 (from W24,000), which implies a 5.0% dividend yield (based on a projected 2026 DPS of W1,400) and corresponds to a 2026F P/B of 1.11x.</li><li>Given that the KOSPI’s 12-month forward P/B is currently above 1x, we expect NH I&amp;S’s P/B to exceed that level as well.</li><li>With our target price implying 39.3% upside, we reiterate our Buy 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 for NH Investment &amp; Securities (NH I&amp;S) to W28,000 (from W24,000), which implies a 5.0% dividend yield (based on a projected 2026 DPS of W1,400) and corresponds to a 2026F P/B of 1.11x.Given that the KOSPI’s 12-month forward P/B is currently above 1x, we expect NH I&amp;S’s P/B to exceed that level as well.With our target price implying 39.3% upside, we reiterate our Buy 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.

NH Investment & Securities (005940 KS/Buy)Strong Dividend Appeal