E-Best Investment & Securities raised its target by 7% as it was the biggest beneficiary of Samsung Securities′ improving business conditions.

E-Best Investment & Securities raised its target by 7% as it was the biggest beneficiary of Samsung Securities' improving business conditions.: COMPANY / Reporter Paul Lee / 2024-01-03 09:03:22

[Alpha Biz=(Chicago) Reporter Paul Lee] eBEST Investment & Securities Co. analyzed on the 3rd that Samsung Securities Co. will be the most profitable item as expectations for a rate cut this year will lead to improvement in the securities industry. He raised the target price from 45,000 won to 48,000 won and suggested an investment opinion 'buy'. The closing price of Samsung Securities on the previous trading day is 38,500 won.

eBEST Investment & Securities expects the securities industry to increase real liquidity this year due to expectations of a rate cut and continue a favorable flow of funds. "Among securities firms, Samsung Securities will particularly benefit as it has a diverse lineup of financial products and more than 200,000 large asset customers," said Jeon Bae-seung, a researcher at eBEST Investment & Securities Co.

In addition, eBEST Investment & Securities said, "Samsung Securities is strong because there is relatively little concern about real estate PF and loss related to overseas commercial real estate."

eBEST Investment & Securities presented Samsung Securities as the best stock in the securities industry.