What changed
$KB — ADD 📊 | 6 MONTHS THESIS
🎯 latest | Rev $5.8T | EPS $2034.00 vs $1611.27 🟢
💡 Consensus sees the beat as one‑off from trading gains and write‑backs, expecting EPS to revert to ~KRW 1,700. We model sustainable run‑rate EPS of KRW 1,900‑2,100, as net interest margin (NIM) stabilises and credit costs remain benign, which is 15‑25% above street estimates.
📉 Reward/risk: 2.3:1
🏢 Business Quality: 7/10 - Dominant Korean commercial bank with strong funding, diversified income, and improving capital efficiency, but constrained by cyclical credit risks and regulatory caps.
📊 Valuation: cheap on P/B at 0.5x (10‑year average 0.6x, peer median 0.55x); rich on trailing P/E of ~75x but fair on normalized P/E of ~8x when one‑offs are...
🔮 Catalyst: Q2 2025 earnings release, expected early July 2025
💰 Entry: $113.815, stop $105, target $140
📊 Our read: ADD. Full analysis →
https://stockduty.xyz/s/KB0615