DAISHIN SECURITIES Files Batch Supplement Disclosing Financial Health and Risk Profile... Credit Rating AA- Maintained
DAISHIN SECURITIES filed a supplementary document for its batch registration of derivative-linked bonds, disclosing financial status and risk metrics.
The credit rating is AA- assigned by Korea Investors Service, NICE Investors Service, and Korea Ratings.
On a standalone basis, net income was 474.1 billion won, equity 4,131.6 billion won, and total assets 28,797.2 billion won.
VaR at 99% confidence level 1-day stood at 32.3 billion won total, with equity price risk being the largest at 32.3 billion won.
Liquidity ratio was healthy at 127.61% with a liquidity gap of 4,365.6 billion won.
Total dividends of 94.4 billion won are planned including 1,200 won per common share.
Treasury stock cancellation of 72.2 billion won was completed, and pending lawsuits include 7 cases as defendant worth 5.2 billion won and 8 cases as plaintiff worth 3.5 billion won.
Derivative-linked bonds are not covered by the depositor protection act.
[AI Summary]DAISHIN SECURITIES is a top-tier securities firm with a AA- rating and a stable financial structure, supported by adequate liquidity and risk management indicators including VaR and credit loss allowances. However, the underlying asset volatility of the derivative-linked bonds is around 20% which may lead to price fluctuations for investors.