What changed
$SHG — BUY 📊 | 6 MONTHS THESIS
🎯 latest | Rev $4.7T | EPS $2.24 vs $2.18 🟢
💡 Consensus expects a gradual ROE recovery and modest capital return, while we see a step-change to a 40%+ payout ratio and a multi-year buyback program, shifting the narrative from a low-growth bank to a high-yield total return story, closing the persistent discount to book value.
📉 Reward/risk: 2.77:1
🏢 Business Quality: 6/10 - Diversified Korean financial group with stable earnings, strong market share, but structurally low ROE and macro sensitivity.
📊 Valuation: cheap — trading at 0.6x P/B (vs 0.7x historical median and peer range 0.45–0.65x), 7.5x annualized P/E on quarterly beat, and 5.5% dividend yield;...
🔮 Catalyst: Announcement of new shareholder return policy at Q2 earnings (July 2025) or an extraordinary capital management plan.
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/SHG0615