[Infostock Daily= Reporter An Hoe Hyun] SK Securities said on the 26th that it will raise its target stock price from 94,000 won to 104,000 won for Korea Investment Holdings in consideration of improved performance and rising corporate value of Kakao Bank.
"Korea Investment Holdings' investment points include diversification of revenue sources, high IB competitiveness, excellent long-term performance and a rise in Kakao Bank's corporate value," the company said, adding, "Due to these advantages, even if the stock market transaction price decreases in the future, its performance is expected to show a stable increase."
SK Securities estimates the corporate value of Kakao Bank at 10 trillion won.
"It is good for the stock price that Kakao Bank recently recognized its corporate value of 9.3 trillion won in the market as it carried out a 1 trillion won paid-in capital increase," the company explained, adding, "Korea Investment Holdings' 33% stake in Kakao Bank amounts to 3.1 trillion won based on the price of capital increase."
Reporter An Hoe Hyun ahh@infostock.co.kr
