Business · Markets · 3 hrs ago
Heungkuk Securities starts Samsung Card coverage with 55,000-won target
South Korean brokerage Heungkuk Securities began coverage of Samsung Card with a buy rating and a target price of 55,000 won.
Samsung Card is a South Korean credit card company.
Its third-quarter net profit was 139.8 billion won, down 13.5% from the same period a year earlier.
That result was 10% below market expectations.
Heungkuk said cost pressures remain, but dividend capacity could support the company.
The brokerage cited the previous trading day's closing price of 40,850 won; no further steps or dates were given.
Heungkuk Securities began coverage of Samsung Card with a Buy rating and a target price of 55,000 won.
The brokerage said the company’s dividend capacity could support it despite cost pressures.
Samsung Card’s third-quarter net profit fell 13.5% year on year to 139.8 billion won.
That result was 10% below market expectations.
The previous trading day’s closing price was 40,850 won.
- Who
- Heungkuk Securities and Samsung Card.
- What
- Heungkuk Securities began coverage of Samsung Card with a Buy rating and a 55,000-won target price.
- When
- October 29, 2026.
- Where
- Not stated.
- Why
- Heungkuk Securities said Samsung Card’s dividend capacity could provide support despite cost pressures.
This story does not have two clearly opposing sides.
Samsung Card reported net profit of 139.8 billion won, down 13.5% year on year and 10% below market expectations.
Heungkuk Securities initiated coverage with a Buy rating and a 55,000-won target price.
- Rating
- Buy
- Target price
- 55,000 won
- Third-quarter net profit
- 139.8 billion won
- Year-on-year profit change
- Down 13.5%
- Previous trading day’s closing price
- 40,850 won
What people are saying
Costs weigh, but a solid dividend capacity will provide support