DAISHIN SECURITIES Issues KRW 39.96 Billion ELB and Maintains KRW 1,200 Dividend, Financial Soundness Intact with Fair Trade Probe Risk
DAISHIN SECURITIES issued the 1128th and 1129th ELB series totaling KRW 39.96 billion, a debt financing without equity dilution.
The company maintains a common stock dividend of KRW 1,200 per share, providing a dividend yield of approximately 4.6%.
Value-at-Risk stands at KRW 32,386 million and the liquidity ratio at 127.61%, indicating sound financial health, though a Fair Trade Commission investigation into alleged collusion is ongoing.
With an AA- credit rating and limited litigation exposure of KRW 5.2 billion in defendant cases, the overall risk profile is manageable.
[AI Summary]This ELB issuance is a small debt raise with no shareholder dilution, and dividends remain attractive. However, watch for the FTC probe outcome and potential VaR increases in volatile markets.