[Featured Stock] 'Better-than-Expected Earnings and Quarterly Dividends' KB Financial Soars Over 7%

The stock price of KB Financial, which showed better-than-expected earnings and quarterly dividends, is strong on the 26th.

As of 9:16 a.m. on that day, KB Financial was trading at 74,200 won, up 4,900 won (7.07%) from the previous trading day.

KB Financial Group, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

Lee Hong-jae, a researcher at Hyundai Motor Securities, said, "We considered changes in estimates such as book value per share (BPS) along with shareholder return policies," maintaining a buy rating and raising the target price to 87,000 won.

He said, "The controlling shareholder net profit in the first quarter of this year recorded 1.05 trillion won, down 30.5% from the same period last year but exceeding market expectations. This level improved by about 10% compared to the previous year when excluding the cost related to compensation for Hong Kong H-Index equity-linked securities (ELS) amounting to 862 billion won."

He also noted, "The first quarter dividend per share (DPS) was set at 784 won. Going forward, the total dividend amount per quarter will be maintained at 300 billion won, sustaining an annual total dividend of 1.2 trillion won. This year’s quarterly DPS will continue to rise as the number of outstanding shares decreases due to share buybacks."

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