Korea Investment & Securities raised the target price of Mirae Asset Securities from 14,000 won to 18,000 won, a 29% increase. This adjustment follows an upward revision of performance estimates due to expectations for policy benefits. The investment opinion remains 'buy'.
On the 30th, Korea Investment & Securities adjusted the governance net profit estimate for Mirae Asset Securities from 942.2 billion won to 1.0795 trillion won, an increase of 15%, in a report titled 'The point where expectations turn into performance,' while forecasting improvement in trading profit this year.
Researcher Baek at Korea Investment & Securities noted, "As we enter the presidential election phase, various policies are being announced to enhance the competitiveness and growth rate of 14.23 million domestic stock investors and the nation." They added, "The 'measures to enhance the competitiveness of securities corporate financing' will continue to be pursued regardless of the presidential election results in the next government."
Brokerage transaction performance is also improving. This is due to various government policy expectations including interest rate cuts, a slight alleviation of tariff uncertainties, and the revitalization of the supplementary budget and capital markets, which are leading to an expansion in transaction volume.
Researcher Baek said, "The average daily transaction volume in the domestic stock market (excluding ETP, etc.) as of the 28th of this month was 20.1 trillion won, which is a 12% increase compared to the previous month. As the effects of the increase in deposits and credit balances continue, additional improvements in brokerage interest profits are expected by the third quarter."