Shinhan Financial: Earnings Miss, Long-Term ROE Target Are Key Considerations (Rating Downgrade) [Seeking Alpha]
Shinhan Financial Group Co Ltd American Depositary Shares (SHG)
US:NYSE Investor Relations:
shinhangroup.co.kr/en/invest/main.jsp
Company Research
Source: Seeking Alpha
Follow Play 9min Summary Shinhan's Q3 2024 net profit fell short of expectations, primarily due to a significant decrease in non-interest income resulting from derivative trading losses. On the other hand, there is the potential for SHG to trade at a more demanding P/B multiple in the long run, if its 2027 ROE goal of 10% is met. My rating for Shinhan Financial is downgraded to a Hold. I have taken into account SHG's Q3 results and its ROE target in making this decision. Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More » mtcurado I downgrade my rating for Shinhan Financial Group Co., Ltd. NYSE: SHG ) (055550:KS) stock from a Buy to a Hold. SHG is no longer deserving of a Buy after the company's Q3 earnings came in below expectations because of derivative trading losses. But Shinhan Financial could still trade at a higher P/B ratio in the long term, assuming that its ROE expands on the back of meaningful equ
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News
- SHG or ITUB: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Shinhan Financial Group Co (SHG) Right Now? [Yahoo! Finance]Yahoo! Finance
- Shinhan Financial Group Co., Ltd. (SHG) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Shinhan Financial reports Q3 results [Seeking Alpha]Seeking Alpha
- Shinhan Financial Group Co., Ltd. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
SHG
Sec Filings
- 11/14/24 - Form 6-K
- 10/28/24 - Form 6-K/A
- 10/28/24 - Form 6-K
- SHG's page on the SEC website