On the 2nd, Hana Financial Group shares are up more than 7%. The rise appears to reflect securities firms' analyses that the stock is attractive for dividends as the company continues strong results this year.
As of 9:36 a.m. on the 2nd, Hana Financial Group is trading at 107,300 won on the Korea Exchange's main board, up 7,200 won (7.19%) from the previous session. It climbed as high as 107,600 won intraday, marking a 1-year high.
Kim Eun-gap, a Kiwoom Securities analyst, said in a report the same day, "Hana Financial Group's consolidated net profit topped 4 trillion won for the first time last year, and it met the separate taxation requirements for dividend income by expanding cash dividends," adding, "It also plans to introduce reduced dividends and is expected to achieve ahead of schedule its mid- to long-term target of a 50% shareholder return ratio in 2027."
An analysis that the stock remains in an undervalued range also appears to have spurred sentiment. Kim Do-ha, a Hanwha Investment & Securities analyst, said, "Assuming a 50% shareholder return ratio from this year, earnings per share (EPS) are expected to rise 8%–9% annually," adding, "Given the current capital capacity, it is reasonable to expect more than that. We are raising our target price by 9% from the previous level by reducing the valuation discount rate by 5 percentage points."