[Click eStock] "JB Financial, Highest Capital Ratio Among Regional Holding Companies"

[Asia Economy Reporter Park Jihwan] Hana Financial Investment evaluated JB Financial Group on the 16th, stating that last year is expected to be the first year in which capital concerns are completely resolved, and it is anticipated to have the highest capital ratio among regional financial holding companies. Accordingly, they maintained a 'Buy' investment rating and a target price of 7,500 KRW.

Choi Jungwook, a researcher at Hana Financial Investment, analyzed, "At the end of last year, the common equity tier 1 capital ratio reached 9.7%, likely slightly surpassing competing regional financial holding companies DGB Financial and BNK Financial," and added, "The expected dividend yield is 5.5%, which is judged to firmly establish it as a high-dividend stock within the sector."

Researcher Choi emphasized, "Until the third quarter of last year, the company escaped low growth, and in the fourth quarter, loan growth close to 3% is expected from the combined regions of Jeonbuk and Gwangju," and noted, "Household loan growth is expected to be higher than corporate loans as interim payment group loans, which had only sharply decreased until now, are being reissued."

He stated, "The goal is a net profit of 6 billion KRW by 2022 and plans to raise ROE above 10%," adding, "Domestically, efforts are being made to maintain profitability by mitigating pressure from group margin declines and strengthening fundamentals, while overseas, strategic measures are being steadily implemented to establish growth engines for future profit generation."

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