The KOSPI securities sector index has surged by 31.46% this year, significantly outperforming the KOSPI’s return rate of 8.73%. This rally is attributed to first-quarter earnings surprises and expectations for future performance improvements. Major securities firms like Mirae Asset Securities, NH Investment & Securities, Samsung Securities, and Kiwoom Securities are expected to have an average return on equity (ROE) of 10.1% for 2025. Despite the recent surge in stock prices, the valuation appeal remains due to the low price-to-book ratio (PBR) of 0.59 times. The key to improving the profit structure is bond management, and the recovery trend in domestic stock market transaction volume is also positive. The Financial Services Commission plans to start accepting new business applications in the third and fourth quarters, with operations beginning in 2026.
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Auto-posted at: 2025-05-13 21:04:18