Korea Investment Holdings Target Raised to 350,000 Won After Q1 Profit Beat

KB Securities raised its target price for Korea Investment Holdings by 13% to 350,000 won in a report released today. The revision reflected first-quarter net profit that exceeded market consensus by 34%, along with improved results across key affiliates including securities, asset management and savings banking. A rise in trading value amid a strong domestic stock market was cited, while profitability at non-brokerage subsidiaries also improved sharply. Based on these factors, KB Securities lifted its full-year profit forecast for Korea Investment Holdings to 2.67 trillion won. The report shows that active stock trading and stronger subsidiary earnings led to a higher earnings outlook. Source: mk.co.kr