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

Woori Financial Group  / Equity Bottom-Up

<ul><li>We raise our target price for Woori Financial Group to W34,000 (from W31,000), which we derived by applying a P/B of 0.65x (unchanged) to our 2026F BPS.</li><li>We kept our target multiple unchanged because we expect the group to exceed its CET1 ratio target of 13% throughout 2026, paving the way for meaningful shareholder return ratio improvement.</li><li>With our target price implying 33.9% 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 Woori Financial Group to W34,000 (from W31,000), which we derived by applying a P/B of 0.65x (unchanged) to our 2026F BPS.We kept our target multiple unchanged because we expect the group to exceed its CET1 ratio target of 13% throughout 2026, paving the way for meaningful shareholder return ratio improvement.With our target price implying 33.9% 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.

Woori Financial Group (316140 KS/Buy)CET1 Ratio Likely to Exceed 13% Throughout 2026