Korea Investment Holdings was strong in early trading on the 16th. As projections emerged that third-quarter results would beat market expectations (consensus), investor sentiment appeared to be concentrating.
As of 9:10 a.m. on the 16th, Korea Investment Holdings was trading at 156,100 won, up 7,800 won (5.26%) from the previous session.
In the securities industry, projections came one after another that Korea Investment Holdings' third-quarter results would exceed the consensus on the day. Reflecting subsidiaries' net income, this year's net income attributable to controlling shareholders was estimated at 1.7 trillion won by Hana Securities and 1.8683 trillion won by Hyundai Motor Securities. Third-quarter net income attributable to controlling shareholders was also expected to exceed the consensus by 25.7% and 23%, at 460.1 billion won and 459.8 billion won, respectively.
Ko Yeon-su of Hana Securities said, "We expect the company to post results that exceed the consensus in the third quarter as well, based on strong asset management capabilities following the first half."