Jun 4, 2024
Hot Stocks 🔥

Shinhan Financial Group Is A ‘Strong Buy’ | Nemo

Name of opportunity: 👀

Shinhan Financial Group Co. Ltd 

On the up and analyst-approved: 👍

This stock has risen by 22.49% over the last year, and analysts think it will continue to rise. Shinhan Financial Group is described as in ‘Above Average’ financial health, performing well - it’s making good profits, with its earnings before deductions standing at $10.21 billion over the past 12 months. The company’s total revenue over the past 12 months is $20.47 billion in the past 12 months. 

It’s also a dividend stock, and analysts describe the money you can earn from it as ‘Above Average’. Based on the last 12 months, if you invested $1000, you would be paid $44 a year in dividends - it’s a 4.4% dividend yield. Analysts think this could be a great addition to any investor’s portfolio. 

How hot is this investment opportunity? 🔥🔥🔥🔥

Analysts predict that this stock could rise in value by 27.86%, from $33.07 to $42.31 in the next 12 months. This means that if you invested $1000, you might profit $278.57. The reason analysts think it will rise in value is because of Shinhan Financial Group’s solid financial performance. The holding company’s recent Q1 2024 data reports ‘robust top-line growth’.

Korea’s first financial holding company: 🏦

Founded in 1982, Shinhan Financial Group expanded over the years to become the country’s first financial holding company in 2001. It has become a major merchant bank, offering commercial banking, credit cards, investment banking and life insurance. Among other endeavours, Shinhan Financial Group is also involved in asset management; facilities rental and rental business; financial information technology (IT) services; debts collection and credit investigation; and real estate investment. The group owns 15 companies. 

Which neme?: 🔍

Look directly for this one by searching for ‘Shinhan Financial Group’

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Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.