Woori Financial: This High Yielder Is No Longer A Value Trap [Seeking Alpha]
Woori Financial Group Inc. American Depositary Shares (each representing three (3) shares of) (WF)
US:NYSE Investor Relations:
spot.wooribank.com/pot/dream?withyou=eneng0659
Company Research
Source: Seeking Alpha
But a path to realizing value is finally taking shape. Patient investors also get to lock in some very attractive yields at current levels. As one of Korea's big banks, Woori Financial Group Inc. NYSE: WF ) looks poised to benefit from some very powerful tailwinds ahead. The key to Korea's trade-dependent economy has always been export growth and on this front, recent data points to a very positive rate of change; this, in turn, bodes well for near-term credit growth. There's also an exciting new corporate ‘value-up' initiative (à la Japan's reforms ) being implemented that could benefit bank investors – both by narrowing the persistent book value discounts throughout the sector and ramping up shareholder returns. So far, progress has been very positive, with banks like Woori and KB Financial ( KB ) (see coverage here ) already responding. Unlike the latter, though, Woori has more caveats, given its smaller excess capital position gives it a lot less room to maneuver. But price
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Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/22/24 - Form 6-K
- WF's page on the SEC website