Shinhan Financial Group: Provisions For Financial Product Sales In The Spotlight [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
SummaryShinhan Financial's net profit attributable to shareholders only declined by -6% QoQ to KRW873 billion in 2Q 2020, which was above expectations.The key downside risk for Shinhan Financial relates to further provisions relating to the company's financial product sales going forward.Shinhan Financial trades at 0.37 times P/B and 4.8 times consensus forward next twelve months' P/E, and it offers a consensus forward FY 2020 dividend yield of 5.6%.Elevator PitchI maintain a Neutral rating on Korea-listed financial services company Shinhan Financial Group Co., Ltd. (NYSE:SHGI am positive on Shinhan Financial's earnings beat in the recent quarter. Shinhan Financial's net profit attributable to shareholders only declined by -6% QoQ to KRW873 billion in 2Q 2020, which was above expectations. On the other hand, the key downside risk for Shinhan Financial relates to further provisions relating to the company's financial product sales going forward. Although Shinhan Financial has already r
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SHG
News
- Shinhan Financial Group files its FY2023 Form 20-F to the SECPR Newswire
- EQT AB (publ) Q1 Announcement 2024 [Yahoo! Finance]Yahoo! Finance
- Shinhan Financial Group Co., Ltd. (NYSE: SHG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Rupee Drops to Record Low as Dollar Strength Weighs on Sentiment [BNN Bloomberg (Canada)]BNN Bloomberg
- Is Shinhan Financial Group Co (SHG) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
SHG
Sec Filings
- 4/19/24 - Form 6-K
- 4/18/24 - Form 20-F
- 4/18/24 - Form 6-K
- SHG's page on the SEC website