Hyundai Marine & Fire Insurance's stock price was weak early in the session on the 20th. Analysts interpret this as a continuation of selling pressure due to forecasts suggesting that dividends will be difficult this year and may not resume for the next 2 to 3 years.
As of 9:54 a.m. that day, Hyundai Marine & Fire Insurance was trading at 24,050 won, down 2,450 won (9.25%) from the previous trading day. During the session, it fell to 23,950 won, hitting a one-year low.
The negative outlook from securities firms regarding future dividends appears to have contributed to the weak stock price. On that day, DB Financial Investment predicted that Hyundai Marine & Fire Insurance would not be able to distribute dividends this year due to an expansion in other comprehensive losses stemming from falling interest rates and increased reserves for surrender values. They also significantly lowered the target stock price from 42,800 won to 26,900 won and downgraded their investment opinion to 'neutral.'
Lee Byung-gun, a researcher at DB Financial Investment, said, 'With the 10-year government bond yield falling nearly 30 basis points (1 basis point = 0.01 percentage point) since the end of September this year and the actuarial assumptions regarding annuity products being strengthened, it will be difficult to resume dividends for the next 2 to 3 years even after 2025.'