Kiwoom Securities is showing an upward trend of around 1% during trading hours on the 3rd. Across the securities industry, forecasts are prevailing that second-quarter earnings will significantly exceed market expectations, and some brokerages have raised their target prices, positively evaluating Kiwoom Securities' growth drivers.

As of the morning of the same day, Kiwoom Securities is trading at 327,000 won, up 4,500 won (1.40%) from the previous trading day.

Mirae Asset Securities maintained its 'Buy' recommendation on Kiwoom Securities in a report published on the same day, while raising its target price from the previous 516,000 won to 550,000 won. The new target price is approximately 6.6% higher than the previous level.

Mirae Asset Securities estimated that Kiwoom Securities' second-quarter net profit would surpass the market consensus by 29.3%. The brokerage cited the expansion of trading value, improvement in brokerage performance, and stable revenue generation in the asset management sector as the background.

In particular, it was expected that once the government's measures to revitalize the KOSDAQ market are implemented, increased participation from retail investors would work favorably for Kiwoom Securities to recover its market share. Given Kiwoom Securities' distinct competitive edge in retail, the diagnosis is that an increase in trading value is likely to directly lead to earnings improvement.

Recently, the brokerage sector has been experiencing greater stock price volatility depending on stock market trading value, interest rate trends, and the pace of recovery in the initial public offering (IPO) market. Nevertheless, Kiwoom Securities is evaluated to be maintaining consistent revenue-generating capabilities based on its dominance in online brokerage and the expansion of its wealth management business.

In the market, the recovery of domestic stock market trading in the second half, a rebound in the investment banking (IB) sector, and improvements in investor sentiment are cited as key variables that will determine Kiwoom Securities' performance and corporate value. Additionally, expectations are gathering that if the KOSDAQ revitalization policy is fully implemented, Kiwoom Securities, with its retail-centric business model, will enjoy relative benefits.

[This article was written with the assistance of AI. This article is not a solicitation for investment, and the responsibility for investment decisions and their consequences lies with the investor.]