0400 GMT - KB Financial Group appears on track to become South Korea's first financial holding company to achieve 50% total shareholder return soon, Daiwa Capital analysts Mike Oh and Daeho Son write in a note. The analysts point to the retail banking group's upcoming buybacks and positive earnings outlook for 2H. They expect KB to buy back 700 billion won of shares in 2H, more than the 680 billion won forecast previously. KB's estimated annual shareholder return rate could reach 49.8 in 2025 and 53.6 in 2026, they add. Daiwa raises the stock's target price by 33% to KRW140,000 and keeps a buy rating. Shares are 5.1% higher at KRW120,200. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
July 08, 2025 00:00 ET (04:00 GMT)
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