[Featured Stock] Mirae Asset Securities Rises on Expectations of Reduced Uncertainty... New High

Mirae Asset Securities is showing strength amid expectations of reduced uncertainty related to overseas real estate. It recorded a 52-week high during trading.

As of 9:32 a.m. on the 17th, Mirae Asset Securities is trading at 9,820 KRW, up 270 KRW (2.83%) from the previous close. During the session, it rose to 9,840 KRW, setting a new 52-week high.

With strong competitiveness in overseas stocks and retirement pension sectors, securities firms' outlook that uncertainty in overseas real estate will gradually improve is believed to have influenced the stock price.

On the same day, Seol Yong-jin, a researcher at SK Securities, commented on Mirae Asset Securities: "Recently, Mirae Asset Securities' high competitiveness in key business sectors such as overseas stocks and retirement pensions, which are gaining attention for growth and profitability in the securities industry, has been highlighted. As of the end of last year, the overseas real estate exposure amounts to approximately 1.4 trillion KRW. Since conservative impairment losses have been recognized and expensed until last year, the overall burden level is expected to be lower than before. Considering the potential for improving ordinary profit capacity through acquisitions such as India's Sharekhan, uncertainties are expected to gradually ease."

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