[Infostock Daily= Reporter An Hoe Hyun] SK Securities analyzed on the 8th that Korea Investment Holdings, which has Korea Investment & Securities as a subsidiary, has a competitive edge in various sectors and that the rise in the value of its stake in Kakao Bank will have a positive effect on stock prices. As a result, the company maintained its investment opinion 'BUY' and target stock price of 104,000 won, citing it as the most preferred stock in the securities industry.
SK Securities cited investment points of Korea Investment Holdings △diversification of revenue sources △high competitiveness of IB △excellent long-term performance △increase of corporate value of Kakao Bank. Koo Kyung-hoe, a researcher at SK Securities, explained, "These advantages are expected to show a stable increase in earnings even if the stock market transaction amount decreases in the future."
SK Securities forecasts that the net profit of controlling shareholders of Korea Investment Holdings will be 710 billion won this year, down 16% from 845 billion won in the previous year.
What SK Securities paid attention to is the rise in the value of its stake in Kakao Bank held by Korea Investment Holdings. Recently, Kakao Bank was recognized 9.3 trillion won in corporate value by implementing a 1 trillion won paid-in capital increase, and 33% of Kakao Bank's stake held by Korea Investment Holdings amounted to about 3.1 trillion won based on the price of capital increase.
Reporter An Hoe Hyun ahh@infostock.co.kr
