10% Raise for Busan Bank's TP by NH Investment & Securities

NH Investment & Securities reported on the24th that it raised the target price of Busan Bank from 12,900 to 14,200 KRW by 10%.

With a stable 'Top Line' and asset quality improvement, Busan Bank achieved earnings higher than the market consensus.

Expecting one of the highest ROEs among banks, NH has upgraded Busan Bank's earnings forecast, and also predicts that the 2H will be promising.