[Click eStock] Hana Financial Group, Net Profit Expected to Increase This Year... Target Price Raised
[Asia Economy Reporter Hwang Yoon-joo] KB Securities maintained a 'Buy' rating on Hana Financial Group on the 11th, expecting an increase in net profit this year, and raised the target stock price to 68,000 KRW.
Researcher Kang Seung-geon of KB Securities stated, "In 2022, an increase in net interest income is expected due to the rise in net interest margin (NIM), and based on the expected dividend per share (DPS) of 3,350 KRW in 2022, a dividend yield of 7.0% is anticipated."
Researcher Kang analyzed, "Reflecting the upward revision of the 2022 NIM forecast, the 2022 consolidated net income attributable to controlling shareholders forecast is raised by 7.2% from the previous estimate to 3.8 trillion KRW."
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Additionally, Researcher Kang predicted, "The voluntary retirement costs to be reflected in the first quarter of 2022 will be offset by the easing of last year's large non-cash foreign exchange losses, resulting in a profit growth rate similar to that of competing financial holding companies that started enterprise resource planning (ERP) last year."
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