- Loans will likely continue to grow; however, the rate will be low because of the issues in Hanmi’s focus areas of hospitality and retail.
- The margin will likely remain stable as the maturity of expensive deposits will counter the repricing of assets.
- Exposure to the hotel industry creates risks. As a result, the provision expense will likely decline this year but remain above normal.
- The year-end target price suggests a modest price upside. Further, the dividend yield is low.
For further details see:
Hanmi Financial: Earnings Likely To Increase Despite Risks From Hospitality Exposure