[Click eStock] "Daol Investment Securities, Combining Synergy Effects with Dividend Appeal through Revenue Diversification"

[Asia Economy Reporter Kwon Jae-hee] Kyobo Securities evaluated Daol Investment & Securities on the 27th as "a financial stock expected to have synergy effects through revenue diversification as well as dividend attractiveness."

Daol Investment & Securities posted a net profit of 49.8 billion KRW (separate basis) in the first quarter of this year, increasing by 153.7% and 13.6% compared to the previous quarter and the same period last year, respectively. The investment banking (IB) division's profits drove the performance, with IB-related revenue reaching 69.3 billion KRW, up 54.5% and 47.4% compared to the previous quarter and the same period last year, respectively. The operating profit segment also turned positive to 13.3 billion KRW compared to the previous quarter. On a consolidated basis, net profit was 52.3 billion KRW, up 14.5% year-on-year, thanks to increased interest income from the consolidation of the savings bank in addition to the IB performance.

Researcher Kim Ji-young of Kyobo Securities commented, "Despite the stock market decline due to the global interest rate surge in the first quarter, overall solid performance was achieved."

Kyobo Securities presented three major investment points for Daol Investment & Securities: ▲ a small-to-medium-sized securities firm specialized in the IB division with expected revenue diversification and growth through various subsidiaries in the future ▲ recent credit rating upgrades and expansion of the IB division's business base through past over-the-counter derivatives licensing, leading to strengthened competitiveness in the IB division ▲ resolution of accumulated unpaid dividends burden, enabling an active shareholder return policy.

Researcher Kim analyzed, "Synergy effects are expected through various subsidiaries such as Daol Savings Bank, Daol Investment, Daol Credit Information, and Daol Asset Management. The IB division, which drove the performance, is expected to continue strengthening its competitiveness, and active shareholder return policies such as stable common stock dividends and flexible treasury stock purchases are also noteworthy."

This content was produced with the assistance of AI translation services.