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Shinhan Securities Raises Hana Financial Target to 160,000 Won on Weaker Dollar-Won Rate
🇰🇷 South Korea /Economy & Trade

Shinhan Securities Raises Hana Financial Target to 160,000 Won on Weaker Dollar-Won Rate

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Shinhan Securities raised its target price for Hana Financial from 150,000 won to 160,000 won, a 6.6% increase.
  • The brokerage maintained its buy rating and named Hana Financial its top pick in the banking sector.
  • Hana Financial closed the previous trading session at 137,400 won.

Shinhan Securities expects Hana Financial Holdings to post stronger third-quarter results as the won-dollar exchange rate falls, generating gains from translating foreign-currency assets.

The brokerage raised its target price for the financial group to 160,000 won from 150,000 won, an increase of 6.6 percent. It kept its buy recommendation and selected Hana Financial as its preferred stock in the banking sector.

Hana Financial shares closed the previous trading session at 137,400 won.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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