Target Price Upgrade Report Roundup: KakaoBank, Kiwoom Securities, DearU, Hanatour | Cha Young-ju, Director of Wise Economy Research Institute

목표가 상향 리포트 모음, 카카오뱅크•키움증권•디어유•하나투어 | 차영주 와이즈경제연구소 소장 [집중 오늘의 주식]

Watch on YouTube ↗ | February 05, 2026 at 11:07 | 38:41 | 3PRO TV (삼프로TV)

Speakers

Cha Young-joo — Director, Wise Economic Research Institute

Summary

Cha Young-ju reviews recent Korean target price upgrade reports on KakaoBank, Kiwoom Securities, DearU, and Hanatour. He highlights improving bank fundamentals and dividend appeal for KakaoBank, a brokerage boom for Kiwoom, margin gains and regional expansion for DearU, and a strong earnings recovery plus inbound platform for Hanatour. He also notes Samsung SDI's ESS-related setup and a tactical China-reopening theme for Korean entertainment and travel stocks.

KakaoBank target prices were raised on improving margins, loan growth, low bad debt, and a 45% dividend payout.
Samsung SDI was flagged as an ESS and foreign-buying setup after chart bottoming.
Kiwoom Securities was highlighted for rising brokerage income as daily trading volume nears 100 trillion won.
DearU beat estimates on subscription price hikes and FX effects, with regional artist expansion ahead.
Hanatour reported record quarterly operating profit and is pursuing an inbound tourism platform.
The speaker discussed a tactical China cultural-ban easing theme for Korean entertainment and travel stocks.
He explained basic financial statement mechanics for banks, brokerages, and platform companies.
He said investors should focus on actual earnings improvement, not just narratives.

Ideas

Cha Young-joo Director, Wise Economic Research Institute 0:19

KakaoBank fundamentals improve; dividends attract inflows.

The speaker highlights two target price hikes (Shinhan to 28,500 won and LS to 32,000 won) and argues KakaoBank's fundamentals are improving: Q4 net profit beat consensus by 14%, loan growth recovered, NIM turned upward, retirement pension and policy/individual business loans drove growth, customers and monthly users expanded, and bad debt remains manageable around 0.6%. He also notes the 45% dividend payout meets high-dividend criteria and could attract dividend ETF/fund inflows, while the stablecoin narrative supports sentiment. He advises viewing it not just as a stablecoin stock but as a bank with improving earnings and shareholder returns.

Cha Young-joo Director, Wise Economic Research Institute 9:54

Samsung SDI ESS setup; foreigners buying.

The speaker points out that Samsung SDI is drawing new attention from ESS-related narratives and heavy foreign buying, with the share price holding up well. He acknowledges he has not been positive on secondary battery stocks but says he had noted the bottom on the chart several times, and suggests investors should reconsider whether to stick with that cautious view. This is a developing setup to monitor rather than a clear buy call.

Cha Young-joo Director, Wise Economic Research Institute 10:50

Kiwoom: brokerage boom drives earnings upside.

NH Investment & Securities raised its target price from 420,000 to 620,000 won, applying a 2.1x PBR. The speaker argues daily trading volume near 100 trillion won is creating a brokerage boom; credit interest income is capped by equity capital, but brokerage fee income can grow with trading activity and customers. He cites growing brokerage revenue, new business investments, and one-off bonus costs, and believes Kiwoom's share price upside is justified as brokerage revenue could double versus 2024.

Cha Young-joo Director, Wise Economic Research Institute 16:19

DearU: pricing, FX, artist expansion lift margins.

Meritz Securities set a 53,000 won target and called DearU a preferred stock in the sector. Q4 revenue rose 38% and operating profit 56% year-over-year, beating estimates, helped by an 11-12% subscription price increase and FX effects. Although MAU fell by about 2 million due to NCT military enlistment and China payment changes, higher pricing and lower payment costs improved profitability. Regional expansion into China, Hong Kong, Japan, Southeast Asia, and the US, plus onboarding popular artists, should drive new subscribers, and the asset-light platform model has no COGS and an operating margin approaching 50%.

Cha Young-joo Director, Wise Economic Research Institute 27:41

Hanatour: earnings recovery, inbound platform optionality.

A brokerage raised Hanatour's target price to 70,000 won. Q4 revenue rose 23% to 170 billion won and operating profit doubled to 27.4 billion won, a record quarterly operating profit with a 15% operating margin, the best since 2012. Drivers include Chuseok peak season, recovering travel demand, high-value packages, and China route passenger growth from visa-free effects and expanded airline supply. Hanatour is also building an inbound tourism platform for foreign visitors, a market with no dominant player, while a low base should support 2026 recovery.

Cha Young-joo Director, Wise Economic Research Institute 27:50

China thaw lifts Korean entertainment/travel.

With China's cultural ban easing, the speaker sees Korean entertainment and travel stocks moving as a tactical theme ahead of the first Lunar New Year holiday after the ban easing. He cannot confidently tell investors to chase now, but expects performance expectations to persist through the holiday season, and says actual earnings improvement, not just expectations, is important.

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This 3PRO TV (삼프로TV) video, published February 05, 2026, features Cha Young-joo discussing 323410.KS, 006400.KS, 039490.KS, 376300.KQ, 039130.KS, Korean entertainment stocks, Korean travel stocks. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Cha Young-joo · Tickers: 323410.KS, 006400.KS, 039490.KS, 376300.KQ, 039130.KS, Korean entertainment stocks, Korean travel stocks