Securities companies are lowering the expected range (band) of the KOSPI this year, which was presented around the fall of last year.
According to Yonhap News on the 3rd, Daishin Securities, Yuanta Securities, Kyobo Securities, and KB Securities have revised their KOSPI forecasts for this year since the beginning of last month.
Daishin Securities was downgraded from 2,610-3,330 to 2,500-3,180, and Yuanta Securities was downgraded from 2,750-3,350 to 2,550-3,150, respectively. Kyobo Securities lowered it from 2,850-3,450 to 2,550-3,050. KB Securities, which presented the target index, lowered its forecast to 3,250 from the previous 3,600.
Looking at the extent of adjustment, the upper index is 150-400 points lower and the lower index is 110-300 points lower than the previous forecast.
The KOSPI fell to 2,591.53 during the intraday on January 28, and the index that many brokerages had initially expected to hit the lower end of the year is already broken.
Kim Hyung-ryeol, head of Kyobo Securities’ research center, said, “Inflation intensity exceeded expectations. explained.
However, he added, “A completely unexpected variable has emerged. Contrary to the expectation of a rate hike in the second half of the year, the Fed’s policy change has occurred rapidly, and the issue of the Russia-Ukraine war was also unpredictable,” he added.
Kim Seung-hyeon, head of research center at Yuanta Securities, said, “We lowered the target index due to issues such as the re-spread of Corona 19, soaring prices, and war. factor” was diagnosed.
Lee Kyung-min, a researcher at Daishin Securities, said, “Due to the sluggish performance in the fourth quarter of last year, the surge in the number of confirmed COVID-19 cases, and the impact of global economic instability, the downward revisions to the annual and first-quarter operating profit forecasts are clear. It’s big,” he predicted.
Lee Eun-taek, a researcher at KB Securities, said, “We maintain the existing ‘low low’ and ‘rebound rally following spring’ outlook. did,” he said.
He added, “LG Energy Solutions raised the KOSPI’s P/E by 0.59 times at once as it was incorporated into the KOSPI with a market cap of 118 trillion won.
Kim Hyung-ryeol, head of Kyobo Securities’ research center, set the highest expected index for this year at 3,050, the lowest. “As of the end of March, the KOSPI was around 2,700, so there are interpretations that it will not be easy to recapture 3,000 even if an optimistic scenario is established,” said Center Director Kim. Although this is not the case, it cannot be denied that there is a clear difference in the investment environment as the interest rate environment has changed.”
(Photo = Yonhap News)