The ratio measures the market’s valuation of a company relative to its book value by comparing a company's current stock price to its book value per share.P/B ratios below 1.0 indicate that stocks are undervalued.“Stocks of domestic financial holding companies are significantly undervalued with their P/B ratios below 1.0 times,” Ham said on the group’s official YouTube channel.“That is mainly because their shareholder returns are lower than global banking stocks.”SHAREHOLDER RETURNSHana plans to keep increasing shareholder returns to meet its goal unveiled last October of raising total shareholder return (TSR) to 50% by 2027, Ham said.
South Korea’s Hana Financial Group aims to increase corporate value by ramping up shareholder returns based on a sustainable profit structure supported by more earnings from non-banking businesses, its chief executive officer said on Thursday.
NON-BANKING BUSINESSESHam said the key to corporate value-up plans is to efficiently utilize limited capital and create a sustainable profit structure.“We aim to strengthen our non-banking business portfolios to increase their profit contribution to 30%,” he said.
The story "Hana Financial to boost corporate value by raising shareholder returns" has 388 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Hana Financial to boost corporate value by raising shareholder returns" was covered 3 hours ago by Korea Economic Daily, a news publisher based in South Korea.
How trustworthy is 'Korea Economic Daily' news outlet?
Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.
The outlet is headquartered in South Korea and publishes an average of 8 news stories per day.
It's most recent story was published 41 minutes ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
