[Special Stock] Samsung Card Expected to Improve Annual Performance Through Cost Efficiency
Samsung Card's stock price is on the rise. Expectations that annual performance will improve due to cost efficiency appear to be influencing the stock price.
![[Special Stock] Samsung Card Expected to Improve Annual Performance Through Cost Efficiency](http://www.asiae.co.kr/news/img_view.htm?img=2019111107343374246_1573425273.png)
As of 10:38 AM on the 29th, Samsung Card is trading at 39,500 KRW, up 3% compared to the previous trading day.
Kim In, a researcher at BNK Investment & Securities, stated, "In the first quarter, cash service balances decreased due to strengthened risk management, but long-term loans and card loan products for prime customers expanded, resulting in a significant increase in card loan revenue. Going forward, by expanding sales strategies focused on prime customers and strengthening management of vulnerable borrowers, bad debt costs are expected to stabilize."
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He added, "Despite ongoing funding burdens and increased bad debt costs, attention should be paid to management strategies based on cost efficiency. However, it is necessary to present mid- to long-term strategies for resolving excess capital due to low leverage and enhancing shareholder returns."
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