KB Financial: Korea's 'Dividend King' Trades At Too Steep A Discount

Mar. 03, 2024 9:19 AM ETKB Financial Group Inc. (KB) Stock3 Comments
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JP Research
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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.

South Korea"s Largest Bank, Kookmin, Buys Stake In Korea Exchange Bank (KEB)

Chung Sung-Jun/Getty Images News

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

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