Large Cap GEM Bank Screener - Our Top Picks

Banorte & Mexican Banks – Peaking Returns Due to Credit Spread Erosion and Worsening Credit Risk

South Korean Banks Screen; Stick with Hana Financial (086790 KS)

South Korean Banks Screener; Hana Financial in the Positive Spotlight

South Korean Banks Screener; Highlighting Industrial Bank of Korea (024110 KS)

Gravity Works As WeWork Doesn't; Now Plan B

Financials & FinTech, EM & Southern Europe, Galliano's Latin Notes

Victor Galliano

Financials & FinTech, EM & Southern Europe

Galliano's Latin Notes

Equity Bottom-Up

<ul>
<li>In our latest South Korean banks screener; we stick with quality play Hana Financial and deep value Industrial Bank of Korea, despite rising credit quality headwinds</li>
<li>We introduce delinquency ratio charts that show that NPLs and other poor quality credits are on a rising trend, yet most banks have healthy NPL provisions coverage</li>
<li>Hana has a low PBV ratio relative to its premium ROE and an undemanding PEG; Industrial Bank of Korea has attractive multiples, PEG ratio and near top returns versus peers</li>
</ul>


In our latest South Korean banks screener; we stick with quality play Hana Financial and deep value Industrial Bank of Korea, despite rising credit quality headwinds
We introduce delinquency ratio charts that show that NPLs and other poor quality credits are on a rising trend, yet most banks have healthy NPL provisions coverage
Hana has a low PBV ratio relative to its premium ROE and an undemanding PEG; Industrial Bank of Korea has attractive multiples, PEG ratio and near top returns versus peers


South Korea Banks Screen; Focus on Hana Financial (086790 KS) & Industrial Bank of Korea (024110 KS)