Mirae Asset Securities upgraded to 'Buy' by BNK on record performance despite stock drop

BNK Investment & Securities has raised its investment rating for Mirae Asset Securities to 'Buy,' citing the company's record-breaking performance and growing competitiveness within the industry. Despite a substantial drop in its stock price, the brokerage firm believes Mirae Asset Securities presents a compelling investment opportunity.

The firm maintained its price target at 68,000 won for Mirae Asset Securities, whose closing price on the previous day was 44,750 won. This decision comes even as the stock has experienced a significant decline.

Kim In, an analyst at BNK Investment & Securities, highlighted that Mirae Asset Securities' projected net profit attributable to controlling shareholders for 2025 is expected to increase by 77.6% compared to the previous year. This strong financial outlook underpins the optimistic investment recommendation.

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Mirae Asset Securities' stock price has fallen significantly despite record performance and expanding competitiveness within the industry.