Mirae Asset Securities Q2 Profit Outlook Raised as Yuanta Lifts Target

Yuanta Securities projected that Mirae Asset Securities’ second-quarter profit would be higher than in the first quarter and raised its target price. The analysis focuses on the possibility of improved quarterly earnings momentum in the second quarter. The original report did not provide a specific target price level or profit estimate, but the key point is Yuanta’s view that Q2 profit will exceed Q1 and its resulting target-price revision. Earnings forecasts and target-price changes by brokerage firms are often used by investors as reference indicators. Source: hankyung.com.