Investors have gotten a little skittish about the prospects for an
ongoing economic recovery in South Korea, as large exporters and sectors
like property seem to be recovering but smaller businesses see more
tepid results. That has stalled out the momentum in Korea's banking
sector, but conservatively managed Shinhan Financial Group (SHG)
continues to perform well from an internal operations standpoint.
Although I see prospects for Shinhan to average a low teens earnings
growth rate over the next five years, there just doesn't seem to be much
value in the shares at this price.
Follow this link to continue:
Shinhan Financial: A Great Korean Bank, And Priced Like It
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