Woori Financial Group Inc - ADR Aktie News

SEOUL, South Korea , April 29, 2024 /PRNewswire/ -- On April 29, 2024, Woori Financial Group Inc. (NYSE:WF) (KRX:316140) filed its Annual Report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The 2023 Annual Report on Form 20-F can be downloaded from www.woorifg.com, as well as from the website of the U.S. Securities and Exchange Commission a...

Korean government agency KDIC is no longer a shareholder of Woori Financial, and this should give WF greater flexibility to pursue various shareholder value enhancement initiatives. I think that returning a larger proportion of earnings to shareholders and increasing the financial contribution from non-banking businesses are potential catalysts for Woori Financial. I upgrade my rating for WF to...

Woori Financial Group Inc. has long traded at a deep discount to its fundamentals. But a path to realizing value is finally taking shape. Patient investors also get to lock in some very attractive yields at current levels.

Woori Financial Group Inc. (WF) FY2023 Earnings Call Transcript

Woori Financial has made the switch from a semi-annual dividend payment frequency in the past to distributing quarterly dividends going forward. But there is a real risk of a dividend cut for WF in FY 2023, considering its earnings outlook, dividend payout ratio, and CET1 ratio. I maintain a Neutral rating for Woori Financial, as I think that WF isn't an appealing investment choice from a divid...

The CET1 ratio for Woori Financial has increased YoY and QoQ in the recent quarter, but WF's CET1 ratio is still the lowest among the major Korean financial institutions. Woori Financial's future capital allocation initiatives like M&A and capital return might be affected by the need for WF to have a reasonably high CET1 ratio to meet regulatory requirements. I continue to assign a Hold rating ...

Woori Financial Group Inc. (NYSE:WF ) Q4 2022 Earnings Conference Call February 8, 2023 2:00 AM ET Company Participants Sang-Wook Chun - President Sung-Wook Lee - CFO Jung Seok-Yong - Chief Revenue Officer Conference Call Participants Park Hye-jin - Daishin Securities Jung Jun-Sup - NH Securities Kim Do Ha - Hanwha Securities Baek Doosan - Korea Investment & Securities Shim Jong-Min - CLSA Unid...

I think that Woori Bank has the potential to outperform the KOSPI index during the next decade. The bank is attractive based on its low P/B ratio and historically high dividend yield.