Hana Financial Group (HNFGF): Wake Up, Time To Buy
Net income for 1Q18 is expected to beat the consensus estimate of KRW578.2bn to come in at KRW590.3bn.
NIM likely increased by 3bps QoQ and loans grew 1.2% QoQ. Credit and S&G costs also stabilized.
The stock is undervalued at 0.51x P/B and 6.0x P/E considering its ROE (8.7%) and dividend yield (3.9%).
Hana Financial Group is a financial holding company. Co., through its subsidiaries, is engaged in the range of businesses, including commercial banking, capital markets activities, asset management and bancassurance. Co. provides a range of products and services to Co.'s customers, which comprise individuals and small- and medium-sized enterprises. Co.'s activities include credit cards, brokerage service, asset management and bancassurance for its retail customers; modernizing and strengthening its credit risk review; working to integrate and cross-sell Co.'s products and services. As of Dec 31 2009, Co. had total assets of SKW150,318,834,000,000 and total deposits of SKW92,633,218,000,000.
Hyundai Motor Investment & Securities is the investment banking arm of the Hyundai Motor Group. The company offers stock brokerage and advisory services; derivative products brokerage and advisory services; wrap account portfolio management services; and VIP wealth management and tax planning, institutional equities, derivatives, and futures brokerage services, as well as sells investment and institutional products. It also provides equity offering, ABS, real estate PF and real estate PF securitization, offshore SOC, structured financing, asset securitization, real estate sales, IPO advisory, and private equity fund and fund management services; and CMA/RP portfolio management and fixed income based investments, as well as involved in the issuance, management, and brokerage of OTC derivatives. In addition, the company offers research services, including macro economic forecasts and stock market outlook, industry overviews and forecasts, fixed income strategies, corporate credit analysis, and valuation analysis. Further, it offers a range of retirement and pension services for individuals and corporate members; portfolios and asset allocation consulting and marketing services; proposing retirement pension plans; contract and payment management services; pension plan advisory and actuarial services; and system development and implementation services, as well as operates call centers for retirement pension services, etc.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.