[Infostock Daily= Reporter An Hoe Hyun] SK Securities judged Kiwoom Securities as the biggest beneficiary of the surge in transaction payments on the 8th, as its corporate competitiveness from its brokerage strength is expected to remain strong for a long time. Accordingly, the investment opinion was raised from 'Neutral' to 'Buy', and the target stock price was raised by 41.6% from 120,000 won to 170,000 won.
Kiwoom Securities is the securities company that benefits the most from the surge in stock market trading. The controlling shareholder's net profit is expected to reach 581 billion won this year, up 60.2% from last year.
"Brokerage fees are expected to increase by 178% over the same period, but net profit will remain stagnant, assuming that the stock market transaction price will fall by 20% next year," the company predicted, adding, "If the recent transaction level is maintained, contrary to expectations, net profit will continue to increase."
SK Securities' expected net operating profit and operating profit of Kiwoom Securities this year was 1.298 trillion won and 785 billion won, up 46.9% and 65.7% from last year. However, as the stock market transaction value is expected to decrease by 20% next year, next year's net operating profit and operating profit are expected to be 1.205 trillion won and 761 billion won, down 7.2% and 3% from this year, and a small decline is expected to continue in 2022.
Reporter An Hoe Hyun ahh@infostock.co.kr
