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[Alpha Biz=(Chicago) Reporter Paul Lee] eBEST Investment & Securities Co. said on the 13th that it will raise its target stock price from 9,500 won to 11,000 won, saying it is expected to actively return shareholders to DGB Financial Group. The investment opinion remained 'buy'.
eBEST Investment & Securities raised its target price in consideration of DGB Financial Group's aggressive shareholder return policy "The dividend payout ratio fell to 23.6% in 2023, but the total shareholder return rate, including the purchase of treasury stocks, has expanded to 28.8%," he explained.
eBEST Investment & Securities also stressed that "DGB Financial Group is setting a 30% shareholder return rate target until three to four years later, when the target common stock capital ratio reaches 12%."
eBEST Investment & Securities also said, "The holding company recorded a net loss of 36.9 billion won in the fourth quarter of last year," adding, "However, the estimated net profit for this year is expected to be 475 billion won." However, he explained, "The key will be to recover the profit power of Hi Investment & Securities, whose performance between 2022 and 2023 has been greatly reduced."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
