KB - Growing Investor Interest And Value Enhancement Plan Make KB Financial A Buy

2024-06-08 06:05:54 ET

Summary

• Investors are paying more attention to listed Korean banking companies, as evidenced by recent news articles and analyst reports.
• KB Financial will be announcing details of its new value enhancement plan in the fourth quarter of the current year, which might include capital return improvement and corporate restructuring initiatives.
• KB's shares are attractively valued, considering that it is trading at a mid-single digit P/E multiple and a P/B ratio of under 0.6 times.

Elevator Pitch

KB Financial Group Inc. ( KB ) [105560:KS] shares are awarded a Buy investment rating. I previously wrote about KB's new CEO appointment and regulatory developments relating to South Korea's financial services industry in my October 5, 2023 update ....

For further details see: