KB Financial Group (NYSE:KB) has set itself apart from Korea's other big banks in recent years - not only by diversifying into fee-related, non-bank businesses but also higher-growth Southeast Asian markets. The result is a diversified earnings base that
KB Financial: Korea's 'Dividend King' Trades At Too Steep A Discount
Summary
- One-offs aside, KB Financial has stayed very resilient through a challenging period.
- Earnings look strong, particularly on the non-bank side, while asset quality risks appear well-contained.
- The deeply discounted valuation and well-covered yield add up to a very favorable risk/reward.
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