Woori Financial Group’s performance is showing gradual growth in sales, operating profit, and net profit, but remains a negative factor for its stock price, recording an earnings shock of KRW 624.9 billion, -32% lower than market expectations for the second quarter of 2023. If you look closely at the past performance, you will see annual sales of KRW 28 trillion in 2020, KRW 27 trillion in 2021, KRW 42 trillion in 2022 / operating profit of KRW 2 trillion in 2020, KRW 3.6 trillion in 2021, KRW 4.4 trillion in 2022 / net profit of KRW 1.5 trillion in 2020, KRW 2.8 trillion in 2021, and KRW 3.3 trillion in 2022. Analysis of Woori Financial Group’s stock priceWoori Financial Group, also known as Woori Bank, is a holding company established in January 2019 and has a subsidiary company closely related to the financial industry. Looking at the business areas of major subsidiaries, Woori Asset Management/ABL Asset Management was incorporated into banking (Woori Bank), credit card (Woori Card), and comprehensive financial (Woori Financial) in 2019. In March 2021, it acquired 100% of Woori Financial Savings Bank’s shares to be incorporated into a subsidiary, and in August 2021, Woori Financial Capital also became a complete subsidiary by exchanging shares. Recently, the company decided to cancel its treasury stock by purchasing it through a shareholder-friendly policy, and the possibility of participating in the acquisition of Kiwoom Securities has increased, raising expectations for a rise in stock prices. DividendCompany overviewWoori Financial Group is one of the few quarterly dividends in Korea and boasts high returns. However, caution should be taken because the loss of principal due to a drop in stock prices may be greater than the dividend received depending on the timing of the purchase. When analyzing the four major bank stocks earlier, I posted about the risks, so please consider this and refer to it for investment. Then, I think I have completed the content and will analyze the stock price on the dividend date of Woori Financial Group, also known as Woori Bank in detailAccording to Woori Financial Group’s monthly salary chart, the stock price has risen to some extent, just like the performance that grew from 2020 to 2022. However, as we recorded the earnings shock in the second quarter of this year, we need to be careful about predicting future stock price trends. Since it is located in the price adjustment section for the increase in monthly salary, we may be able to receive additional price adjustments, so I think we need to consider the 3rd quarter earnings outlook as well.Top 4 Dividend Stocks Let’s Be Careful We’ve done a search for the top dividend stocks for the first time in a while. Why I look for the top dividend stocks from time to time… m.blog.naver.com
