[Click eStock] "Hyundai GF Holdings Completes Governance Structure... Corporate Value Expected to Rise"

On March 17, IBK Investment & Securities raised its target price for Hyundai GF Holdings to 19,000 won, reflecting an expected increase in corporate value. The investment opinion was maintained at 'Buy'.

Nam Sung-hyun, a researcher at IBK Investment & Securities, stated in a report released on the same day, "The completion of Hyundai Department Store Group's governance structure is expected to further raise corporate value. With the stable securing of resources for dividends, shareholder return rates are expected to increase. The group will be able to focus on growth strategies through the efficient allocation of resources within the group, and as a decision-making system centered on the group is established, it will become easier to focus on generating synergy and expanding business areas."

On February 11, Hyundai GF Holdings announced a comprehensive share swap with Hyundai Home Shopping. Through this, Hyundai Home Shopping will become a wholly owned subsidiary of Hyundai GF Holdings. Hyundai Home Shopping will be split into an investment company and an operating company, and the investment company will be merged. As a result, Hyundai GF Holdings will be reorganized into a complete holding company. With the securing of dividend resources, its capacity to pay dividends is also expected to increase.

Researcher Nam said, "If Hyundai Home Shopping is incorporated as a 100% subsidiary, the dividend income will further increase due to the fundamental improvement from Hyundai Home Shopping's active business expansion, the increased equity stake, and the change in status of subsidiaries (Hyundai Futurenet and Handsome) to Hyundai Home Shopping's subsidiaries."

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