Shinhan Financial Group

SHG-N

Analysis and Opinions about SHG-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
April 20, 2020
(A Top Pick Apr 25/19, Down 38%) It's a great company from a fundamental point of view. They are the biggest in the space and grow twice the speed of the Canadian banks. It is harder for banks to maintain profitability when interest rates are at zero.
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(A Top Pick Apr 25/19, Down 38%) It's a great company from a fundamental point of view. They are the biggest in the space and grow twice the speed of the Canadian banks. It is harder for banks to maintain profitability when interest rates are at zero.
COMMENT
COMMENT
December 11, 2019

KB is a Korean bank. There do a lot of trading with China, so the valuations have come down as a result of the China-US trade war. This is a good time to buy anything Korean, he thinks. He prefers Shinhan, who has just bought INGs insurance business and they have been buying back shares.

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KB is a Korean bank. There do a lot of trading with China, so the valuations have come down as a result of the China-US trade war. This is a good time to buy anything Korean, he thinks. He prefers Shinhan, who has just bought INGs insurance business and they have been buying back shares.

TOP PICK
TOP PICK
April 25, 2019
The largest Korean bank that gros its dividend 23% per annum over the past 5 years, and are priced at only 0.57x book (vs. Canadian average of 1.3x). Boats much higher growth than Canadian banks. (Price target: KRW 54,967)
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The largest Korean bank that gros its dividend 23% per annum over the past 5 years, and are priced at only 0.57x book (vs. Canadian average of 1.3x). Boats much higher growth than Canadian banks. (Price target: KRW 54,967)
TOP PICK
TOP PICK
September 4, 2018

This is a Korean bank. Its earnings are growing in double digits. Its net interest margin is increasing. Its dividend yield is 3.5%. It is expanding via bolt-on acquisitions in Vietnam and elsewhere. It trades at half of tangible book value. Its sector is incredibly cheap. He has met with their management and respects them. Corporate governance issues are not a big consideration for him as they apply to Korean banks. He is concerned about pressure on the banks to lend to small and midsize businesses. So far, this has been a huge benefit but it creates some risk. Some of its customers are among the largest companies in the world. He sees this as a lower-risk financial play. (Analysts’ price target is $55.00)

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This is a Korean bank. Its earnings are growing in double digits. Its net interest margin is increasing. Its dividend yield is 3.5%. It is expanding via bolt-on acquisitions in Vietnam and elsewhere. It trades at half of tangible book value. Its sector is incredibly cheap. He has met with their management and respects them. Corporate governance issues are not a big consideration for him as they apply to Korean banks. He is concerned about pressure on the banks to lend to small and midsize businesses. So far, this has been a huge benefit but it creates some risk. Some of its customers are among the largest companies in the world. He sees this as a lower-risk financial play. (Analysts’ price target is $55.00)

COMMENT
COMMENT
February 2, 2017

A very well-run bank, pure retail. Loan loss ratios are extremely low. Management is very conservative. Also, Korea had not hike rates in many, many years. Recently sold her holdings, primarily because of the change in the global trade picture. There has been a shift towards more inward trade protectionism, and Korea is an extremely open economy, 40%-45% of their GDP is export oriented. Because of that, she has reduced her Korean exposure.

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A very well-run bank, pure retail. Loan loss ratios are extremely low. Management is very conservative. Also, Korea had not hike rates in many, many years. Recently sold her holdings, primarily because of the change in the global trade picture. There has been a shift towards more inward trade protectionism, and Korea is an extremely open economy, 40%-45% of their GDP is export oriented. Because of that, she has reduced her Korean exposure.

COMMENT
COMMENT
September 30, 2016

A Korean bank that you can think of as similar to a large Canadian retail bank. This is the largest player in Korea. The Korean banking sector has been going through a pretty tough few year’s adjustment. She likes this one. It is very well-run. Very conservative management.

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A Korean bank that you can think of as similar to a large Canadian retail bank. This is the largest player in Korea. The Korean banking sector has been going through a pretty tough few year’s adjustment. She likes this one. It is very well-run. Very conservative management.

PAST TOP PICK
PAST TOP PICK
February 12, 2015

(Top Pick Jan 6/14, Down 13.01%) Money flowed out of a lot of other markets into the US. There is really nothing else going on here. It is trading at a single digit valuation. Korea is a net generator of foreign currency so they don’t rely on US dollar inflows or outflows.

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(Top Pick Jan 6/14, Down 13.01%) Money flowed out of a lot of other markets into the US. There is really nothing else going on here. It is trading at a single digit valuation. Korea is a net generator of foreign currency so they don’t rely on US dollar inflows or outflows.

COMMENT
COMMENT
April 23, 2014

A domestic bank in Korea. Korea, unlike most emerging-market countries, is a net exporter so they don’t rely on foreign capital. Korea is very well-positioned and is more of a developed market more than any emerging-market. Earnings are poised to increase for all of the Korean banks.

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A domestic bank in Korea. Korea, unlike most emerging-market countries, is a net exporter so they don’t rely on foreign capital. Korea is very well-positioned and is more of a developed market more than any emerging-market. Earnings are poised to increase for all of the Korean banks.

TOP PICK
TOP PICK
January 6, 2014

Unlike most other emerging markets, which will suffer if US interest rates rise and money flows out of them, South Korea is a net exporter so they don’t need any foreign currency. This and the other Korean banks are going to benefit big-time as the Korean economy has started to turn around. Their housing market has picked up. All the Korean banks are trading at very, very cheap multiples. This is a more mature emerging market.

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Unlike most other emerging markets, which will suffer if US interest rates rise and money flows out of them, South Korea is a net exporter so they don’t need any foreign currency. This and the other Korean banks are going to benefit big-time as the Korean economy has started to turn around. Their housing market has picked up. All the Korean banks are trading at very, very cheap multiples. This is a more mature emerging market.

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Shinhan Financial Group(SHG-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Shinhan Financial Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Shinhan Financial Group(SHG-N) Frequently Asked Questions

What is Shinhan Financial Group stock symbol?

Shinhan Financial Group is a American stock, trading under the symbol SHG-N on the New York Stock Exchange (SHG). It is usually referred to as NYSE:SHG or SHG-N

Is Shinhan Financial Group a buy or a sell?

In the last year, 1 stock analyst published opinions about SHG-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Shinhan Financial Group.

Is Shinhan Financial Group a good investment or a top pick?

Shinhan Financial Group was recommended as a Top Pick by Darren Sissons on 2020-04-20. Read the latest stock experts ratings for Shinhan Financial Group.

Why is Shinhan Financial Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Shinhan Financial Group worth watching?

1 stock analyst on Stockchase covered Shinhan Financial Group In the last year. It is a trending stock that is worth watching.

What is Shinhan Financial Group stock price?

On 2020-09-29, Shinhan Financial Group (SHG-N) stock closed at a price of $22.98.