[Infostock Daily= Reporter An Hoe Hyun] Meritz Securities maintained its investment opinion Buy for Korea Investment Holdings on the 23rd and raised its appropriate stock price by 14.7% to 86,000 won. The company also maintained top pick in the industry.
It is analyzed that the brokerage market is continuing to boom, corporate finance recovery, early repayment of ELS, and profits are normalized.
In addition, as the subsidiary's portfolio is diversified, it is possible to maintain double-digit ROE and has a lot of room to rise in the mid- to long-term, considering its stake in Kakao Bank.
Net profit of controlling shareholders in the third quarter of this year was estimated at 260.8 billion won(-32.4% QoQ, +15.2% YoY).
Reporter An Hoe Hyun ahh@infostock.co.kr
