Report

Samsung Securities (016360.KS): 2Q beats on firm growth in core income

- Samsung Securities reported net income of KRW66.9bn (+27.6% YoY, +19.8% QoQ) for 1Q17, beating

the consensus of KRW62.3bn. Increasing core profit (commission plus interest income) and declining

SG&A cost were the major earnings drivers.

Underlying
Samsung Securities Co. Ltd.

Samsung Securities is engaged in securities and financial transactions for brokerage activities, trading and underwriting of securities, corporate evaluation, strategic planning, and consulting; settlement and standing proxy; and the dealing of futures, options, and foreign exchange. As of Mar 31 2010, Co. had total assets of SKW14,078,954,919,848 and total deposits of SKW2,864,234,010,906.

Provider
Hyundai Motor Investment & Securities
Hyundai Motor Investment & Securities

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. 

Analysts
Jin Sang Kim

Other Reports on these Companies
Other Reports from Hyundai Motor Investment & Securities

ResearchPool Subscriptions

Get the most out of your insights

Get in touch