On the 25th, KB Financial's stock price is up 5%. With the announcement of the highest performance in history on a half-year basis, the investment sentiment has improved following the plans for stock buyback and cancellation.
As of 9:18 a.m. on the 25th, KB Financial is trading at 123,200 won, up 6,000 won (5.12%) compared to the previous trading day in the securities market. Shortly after the market opened, it rose to 126,600 won, setting a new yearly high.
Previously, KB Financial announced on the 24th that it recorded a net profit of 3.4357 trillion won in the first half of this year. This is a 23.8% increase compared to the same period last year, marking the highest performance ever for the first half.
Additionally, KB Financial announced plans to utilize excess capital above the common equity tier 1 (CET1) ratio of 13.5% as resources for shareholder returns, including cash dividends of 920 won per share and a stock buyback and cancellation plan worth 850 billion won.
Udo Hyung, an analyst at Yuanta Securities Korea, noted that the total shareholder return amount for this year, including dividends, is expected to be 3.1 trillion won (with 1.67 trillion won for stock buybacks) and the total shareholder return rate is projected at 50.9% (up from 39.8% in 2024). He subsequently raised the target stock price by 19.5% to 141,000 won.