Hanwha Life Insurance, Stock Price Down 1.8% at This Hour... Institutional Investors Net Sell 374,312 Shares Over Last 5 Days
As of 9:30 AM on the 22nd, Hanwha Life is trading at 2,460 KRW, down 1.8% from the previous day. The trading volume is 1,875,334 shares, which is about 16.75% of the previous day's volume. Hanwha Life is known as the second largest life insurance company in South Korea.
On December 21, researcher Byung-geon Lee from DB Financial Investment stated, "Through the recent sales channel restructuring, the value of sales channels can be highlighted, and by segmenting accounts by division, the company's hidden value can be rediscovered. It is expected to help overcome the limitations of the exclusive FP channel of a single company in terms of recruitment. The possibility of further splitting strategic channels or pension/savings insurance sales companies is also worth considering. The newly established company will mainly sell Hanwha Life products for life insurance but is likely to operate in a form that sells various non-life insurance products together." He set the target price for Hanwha Life at 1,600 KRW.
Over the past five days, individual investors have net sold 54,355 shares of Hanwha Life, while foreigners and institutions have net bought 341,108 shares and net sold 374,312 shares, respectively.
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※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an article automation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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