Corporate Logo(source: securities.miraeasset.com)
NH Investment & Securities stated on July 9 that the ongoing rally in brokerage stocks is likely to extend further, supported by rising trading volumes in a liquidity-driven market and the implementation of legislation aimed at strengthening shareholder returns. These factors are expected to enhance shareholder value, particularly for large-cap firms.
The brokerage firm named Kiwoom Securities (039490) and Mirae Asset Securities (006800) as its top picks in the sector.
In a report released the same day, analyst Yoon Yoo-dong noted, “With the possibility of additional base rate cuts in the second half of the year and the government pledging 1.3 trillion won in funding for AI, renewable energy, and venture capital funds, investor interest is likely to grow in new unlisted investment opportunities.” He added, “In addition to the recently passed amendments to the Commercial Act, further legislation such as the institutionalization of share buybacks could be implemented. If all such shareholder-friendly policies are enforced, the brokerage sector—already well positioned for dividend payouts—could benefit from a triple effect of increased dividends, share buybacks, and tax incentives.”
Regarding his stock recommendations, Yoon emphasized that both Kiwoom and Mirae Asset possess strong market dominance in retail operations, enabling them to benefit directly from rising trading volumes. He also highlighted both firms’ proactive approaches to enhancing shareholder value.
“Kiwoom’s upcoming three-year shareholder return plan could include an upward revision of its payout ratio, which warrants close attention,” Yoon said. “For Mirae Asset, the potential cancellation of treasury shares acquired through mergers is a key factor to watch.” He added that both companies continue to focus on strengthening their fundamentals, with Kiwoom seeking a license to issue promissory notes and Mirae Asset pursuing approval for integrated investment accounts (IMA).
*[KOSPI] Mirae Asset Securities(006800) is the largest securities firm in Korea in terms of equity capital and has a global network in 11 countries including the US, Hong Kong, Vietnam, and Indonesia. Market capitalization is 11.81 trillion won (as of July 8, 2025, closing price).
Corporate Logo(source: securities.miraeasset.com)
NH Investment & Securities stated on July 9 that the ongoing rally in brokerage stocks is likely to extend further, supported by rising trading volumes in a liquidity-driven market and the implementation of legislation aimed at strengthening shareholder returns. These factors are expected to enhance shareholder value, particularly for large-cap firms.
The brokerage firm named Kiwoom Securities (039490) and Mirae Asset Securities (006800) as its top picks in the sector.
In a report released the same day, analyst Yoon Yoo-dong noted, “With the possibility of additional base rate cuts in the second half of the year and the government pledging 1.3 trillion won in funding for AI, renewable energy, and venture capital funds, investor interest is likely to grow in new unlisted investment opportunities.” He added, “In addition to the recently passed amendments to the Commercial Act, further legislation such as the institutionalization of share buybacks could be implemented. If all such shareholder-friendly policies are enforced, the brokerage sector—already well positioned for dividend payouts—could benefit from a triple effect of increased dividends, share buybacks, and tax incentives.”
Regarding his stock recommendations, Yoon emphasized that both Kiwoom and Mirae Asset possess strong market dominance in retail operations, enabling them to benefit directly from rising trading volumes. He also highlighted both firms’ proactive approaches to enhancing shareholder value.
“Kiwoom’s upcoming three-year shareholder return plan could include an upward revision of its payout ratio, which warrants close attention,” Yoon said. “For Mirae Asset, the potential cancellation of treasury shares acquired through mergers is a key factor to watch.” He added that both companies continue to focus on strengthening their fundamentals, with Kiwoom seeking a license to issue promissory notes and Mirae Asset pursuing approval for integrated investment accounts (IMA).
*[KOSPI] Mirae Asset Securities(006800) is the largest securities firm in Korea in terms of equity capital and has a global network in 11 countries including the US, Hong Kong, Vietnam, and Indonesia. Market capitalization is 11.81 trillion won (as of July 8, 2025, closing price).