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Archives: CreditSights Issuer List
The Export-Import Bank of Korea
- Sector: Financial Services
- Sub Sector: Banks
- Region: Korea
- Bond: EIBKOR 5.125 33
- Indicative Yield-to-Maturity (YTM): 4.55%
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Fundamental View
AS OF 14 Aug 2024KEXIM is a pure policy bank that is directly and indirectly wholly owned by the government of the Republic of Korea, which is obliged under Article 37 of the Export-Import Bank of Korea Act to fund any losses that cannot be covered by the bank’s reserves.
While this is a solvency guarantee and does not explicitly guarantee the timely repayment of debt, we view it as inconceivable that the Korean authorities would fail to provide KEXIM with support in a timely manner, should this be needed, given its crucial policy role and close government links.
Business Description
AS OF 14 Aug 2024- KEXIM was set up in 1976 to support Korean companies in their overseas business through export credit guarantee programs, as well as providing finance for imports and for overseas investment. It provides funding for both short term trade and long term investment, and manages two government-entrusted funds: the Economic Development Cooperation Fund (EDCF), a Korean official development assistance program, and the Inter-Korean Cooperation Fund (IKCF), an economic cooperation program to promote exchanges with North Korea. It is also a conduit through which the government doled out COVID-19 assistance to affected companies.
- Till 2030, KEXIM aims to preferentially focus on seven sectors (hydrogen energy, wind and solar power, rechargeable battery and energy storage systems (ESS), future mobility, 5G and next-generation semiconductors, pharmaceutical and healthcare, and digital technology and cultural content) which are considered new growth drivers of the Korean economy. It has historically focused on the shipbuilding and engineering & construction industries.
- KEXIM is 100% owned by the Korean government: 73% directly and the remainder through stakes held by the Bank of Korea (8%) and Korea Development Bank (19%). In contrast to peer policy banks IBK and KDB, KEXIM has remained more consistently a policy bank but its role has been adjusted to ensure it complements rather than competes with the Korean commercial banks.
Risk & Catalysts
AS OF 07 Jan 2025Previous Korean governments have made moves to privatise the other policy banks, but KEXIM has retained its policy bank role and government ownership, which are not likely to change.
Korea’s shipbuilders have long been the largest users of KEXIM’s services. Losses on exposure to the sector, in particular Daewoo Shipbuilding (DSME), pushed KEXIM into the red in 2016 but the government injected capital and its condition has recovered.
Together with KDB, KEXIM has played a key role in helping corporate Korea survive the COVID-19 induced crisis.
Key Metric
AS OF 14 Aug 2024| KRW bn | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Pre-Impairment Operating Profit / Average Assets | 1.3% | 1.2% | 1.1% | 1.1% | 1.1% |
| ROAA | 0.5% | 0.1% | 0.5% | 0.4% | 0.6% |
| ROAE | 3.2% | 0.7% | 3.2% | 2.7% | 4.7% |
| Provisions/Average Loans | 0.5% | 1.2% | 0.5% | 0.8% | 0.3% |
| Nonperforming Loans/Total Loans | 2.4% | 1.8% | 1.9% | 1.2% | 0.7% |
| CET1 Ratio | 12.9% | 13.4% | 13.3% | 11.8% | 13.0% |
| Total Equity/Total Assets | 14.9% | 14.8% | 15.1% | 12.6% | 14.3% |
| Net Interest Margin (NIR/Ave Assets) | 1.0% | 0.9% | 0.9% | 0.9% | 0.7% |
CreditSight View Comment
AS OF 07 Jan 2025KEXIM is a wholly government owned policy bank benefiting from a Korean government solvency guarantee. It plays a key role in financing large-ticket exports in particular ships and large-scale overseas engineering projects. Its credit exposures include some industry and borrower concentrations especially to Korea’s shipbuilders and its financial performance has at times suffered. But the Korean government has always acted in a timely manner to endure its solvency, and with this strong backing we view it as a sound credit. We view its secondary levels as in line with where we would expect it to trade, and so continue with our Market perform recommendation.
Recommendation Reviewed: January 07, 2025
Recommendation Changed: September 22, 2020
Who We Recommend
SK Hynix
Industrial Bank of Korea
PLN
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Fundamental View
AS OF 18 Jun 2024KORGAS is Korea’s sole integrated gas utility company and a quasi-sovereign credit in Korea with an effective monopoly over the exploration & production (E&P), procurement, storage & production, transmission and wholesale distribution of natural gas.
Its credit profile is underpinned by its dominant market position in Korea’s natural gas and hydrogen utility market, and the strong support from the Korean government. This partly mitigates its delayed and incomplete pass-through of gas procurement costs when natural gas price surges, such as in FY22.
We expect its credit profile to improve in FY24 supported by lower natural gas procurement costs and higher gas tariffs, which would partially mitigate concerns over its larger capex planned for FY24 and FY25.
Business Description
AS OF 19 Jun 2024- KORGAS is 54.6% directly/indirectly owned by the Korean Government (Central Government 26.2%, KEPCO 20.5%, Local Government 7.9%). It is Korea's sole integrated gas utility company with an effective monopoly over the exploration & production (E&P), procurement, storage & production, transmission and wholesale distribution of natural gas. It is crucial to Korea's green transition plan to increase LNG generation by 56% by 2036 from 2022. In addition, KORGAS was licensed as Korea's sole hydrogen distribution agency in 2020.
- KORGAS is one of the largest LNG importer in the world and sells imported natural gas to domestic companies in South Korea. As of YE23, KORGAS operates 77 storage tanks at 5 LNG terminals in Incheon, Pyeong Taek, Tong Yeong, Sam Cheok and Jeju. It has 5,178 km of pipeline network nationwide, and is looking to construction additional 440 km by 2026.
- The Korea natural gas industry is divided into wholesale and retail segments. KORGAS is the only wholesaler in Korea, and the regional city gas companies are in charge of supplying natural gas to retail consumers through regional retail pipelines. KORGAS sold 47% of its gas sales to domestic LNG-fired power generation companies (gencos), including the genco subsidiaries of KEPCO and independent power producers (IPPs), and the remaining 53% to city gas companies and heating companies in FY23.
Risk & Catalysts
AS OF 18 Jun 2024Key risks to KORGAS’ standalone credit profile include: (1) Significant depreciation of the KRW against the $ ; (2) Delayed and/or smaller-than-expected retail tariffs hikes; and (3) higher-than-expected capex and investments related to Korea’s green transition.
However, we do not foresee these risks to materially impair KORGAS’ ability to access funding, credit rating and overall credit profile as we expect KORGAS to remain as the sole integrated gas utility company and continue to receive extremely strong financial support from the Korean government.
Key Metric
AS OF 18 Jun 2024| KRW bn | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Debt to Book Cap | 76.6% | 75.7% | 75.8% | 81.3% | 80.7% |
| Net Debt to Book Cap | 75.6% | 74.6% | 74.2% | 79.8% | 79.1% |
| Debt/Equity | 327.2% | 312.4% | 313.3% | 434.4% | 418.0% |
| Gross Leverage | 8.2x | 9.4x | 9.1x | 9.9x | 11.6x |
| Net Leverage | 8.1x | 9.3x | 8.9x | 9.7x | 11.4x |
| Interest Coverage | 3.9x | 3.4x | 4.8x | 5.1x | 2.2x |
| EBITDA Margin | 13.0% | 12.3% | 11.4% | 8.8% | 8.0% |
CreditSight View Comment
AS OF 04 Jul 2024We maintain our O/P recommendation KORGAS. We expect KORGAS’ credit profile to improve in 2H24 supported by higher tariffs and normalizing natural gas procurement costs. We expect KORGAS, which is the sole integrated natural gas utility company in South Korea to continue enjoying solid government support. We view its $ bonds as attractive compared to lower rated Chinese SOEs, BBB-rated low beta Korean corporates and other Korean quasi-sovereigns. In particular, we like its newly issued Jul-29 for the high on-market coupon; for investors looking for defensive short-dated carry, we also like its 27s.
Recommendation Reviewed: July 04, 2024
Recommendation Changed: June 27, 2023
Who We Recommend
SK Hynix
Industrial Bank of Korea
PLN
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Fundamental View
AS OF 17 Apr 2024We expect the credit profile of Sinopec, which is one of the three Chinese national oil companies (NOCs) to continue to be underpinned by its strategic role in China’s energy security and the resulting strong government support.
We expect Sinopec’s standalone credit profile to remain supported in FY24 by resilient refined oil demand and improving demand for chemical products as industrial activities pick up and the destocking trend ends.
To note, we use the financials of HKEx listed Sinopec Corp (386.HK) as a proxy for the credit profile of its parent, the obligor of the outstanding $ bonds (BBG: SINOPE).
Business Description
AS OF 17 Apr 2024- Sinopec Group is a Chinese integrated oil and gas (O&G) company and is one of the largest globally & domestically. In FY23, 56.1% of Sinopec Corp' external revenues came from marketing and distribution (i.e. retail and direct sales of refined oil), 13.1% from chemicals, 5.4% from refining, and 5.7% from E&P. Corporate and others segment accounted for the remaining 19.7% of sales revenue, consisting of import and export business, R&D and managerial activities.
- The refining segment purchases crude oil from third parties as well as the E&P segment of the company, and processes crude oil into refined petroleum product. Most of the gasoline, diesel and kerosene are sold internally to the marketing and distribution segment of the company; part of the chemical feedstock is sold internally to the chemical segment, and the other refined petroleum products are sold externally to both domestic and overseas customers. The marketing and distribution segment purchases refined oil products from the refining segment and third parties, and mainly distributes to domestic customers via its wholesale and retail networks.
- In FY23, Sinopec's total oil and gas output was 504 mn barrels of oil equivalent (mmboe), up 3.1% YoY; this included 252/29 mmbbls (+0.3%/-1.9%) of domestically produced/overseas crude oil, as well as 1,338 bcf of natural gas (+7.1% YoY). The average realized price of its crude oil and natural gas was $76.6/bbl and $7.1/thousand cubit feet respectively.
Risk & Catalysts
AS OF 17 Apr 2024Risks: Lower-than-expected domestic sales of refined oil and chemical products due to a severe economic downturn, higher-than-expected crude oil and gas feedstock costs resulted from geopolitical tensions, elevated inventory losses due to tumbling oil & gas prices, and large capex overrun result in a weaker standalone credit profile. However, we expect the strong government support to offset these downside risks. US sanction related headline risks due to US-China tension and other geopolitical risks.
Catalysts: inflow into China $ bonds as a result of improving China macro outlook and US-China relationship; stronger-than-expected recovery in chemical product demand.
Key Metric
AS OF 17 Apr 2024| RMB bn | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Total Debt/Capitalization | 27.8% | 25.3% | 25.6% | 27.5% | 31.5% |
| Net Debt/Capitalization | 17.3% | 9.4% | 7.6% | 16.3% | 19.8% |
| Total Debt/Total Equity | 38.6% | 33.8% | 34.5% | 38.0% | 46.1% |
| Total Debt/Total Assets | 19.2% | 17.2% | 16.7% | 18.3% | 21.7% |
| Total Debt/EBITDA | 1.6x | 1.5x | 1.2x | 1.5x | 2.0x |
| Net Debt/EBITDA | 1.0x | 0.6x | 0.4x | 0.9x | 1.3x |
| EBITDA/Gross Interest | 12.9x | 16.8x | 20.1x | 16.1x | 14.5x |
| EBITDA Margin | 7.3% | 9.5% | 9.4% | 7.0% | 6.8% |
CreditSight View Comment
AS OF 17 Apr 2024We affirm our Market perform recommendation on Sinopec (A1/A+/A+). A-rated Chinese state-owned enterprises (SOEs), including Sinopec are trading tight due to a lack of new supply and as investors fly to quality amid macro uncertainties in China. We continue to prefer AA-rated Korean quasi-sovereign names for safe carry (like KOROIL, KORGAS, KEPCO) and higher-beta Chinese SOEs for spread pickup.
Recommendation Reviewed: April 17, 2024
Recommendation Changed: May 03, 2021
Who We Recommend
SK Hynix
Industrial Bank of Korea
PLN
How may we help you?
Search topics about wealth insights and investments.Korea Electric Power Corp.
- Sector: Energy
- Sub Sector: Utilities
- Region: Korea
- Bond: KORELE 5.5 28
- Indicative Yield-to-Maturity (YTM): 4.858%
- Credit Rating : AA
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Fundamental View
AS OF 22 Mar 2024KEPCO is the sole integrated electricity utility company and a quasi-sovereign credit in Korea. Its credit profile is underpinned by the extremely high level of government support due to its critical policy role in ensuring the nation’s stable power supply.
KEPCO’s operating and net losses narrowed in FY23 thanks to electricity tariff hikes alongside lower fuel costs and its EBITDA turned around.
Its total debt/EBITDA and net debt/EBITDA was elevated at 18.2x/17.7x as of YE23 due to high debt burdens, and we expect its leverage metrics to improve from FY23 but remain at 7-9x due to large capex planned in FY24 and FY25 to develop its nuclear, LNG and renewable capacities.
Business Description
AS OF 22 Mar 2024- KEPCO is a quasi-sovereign credit and the sole integrated electric utilities company in Korea. The company was founded in 1898, 51% majority owned and controlled by the Korean government and Korean Development Bank, and listed on the Korea Stock Exchange/NYSE in 1989/1994.
- KEPCO is the sole provider of electricity transmission & distribution infrastructure and services, and controls ~60% of the nation's installed generation capacity and ~70% of power generation through its six wholly owned gencos: Korea Hydro & Nuclear Power (KHNP), Korea South-East Power (KOEN), Korea Western Power (KOWEPO), Korea East-West Power (EWP), Korea Midland Power (KOMIPO), and Korea Southern Power (KOSPO). In addition, KHNP is the sole nuclear power generation company in Korea. In FY23, KEPCO purchase ~65% of wholesale power from its genco subsidiaries and ~30% from independent power plants. On a consolidated basis, electricity transmission & distribution accounts for over 95% of KEPCO's annual revenues.
- KEPCO is a key implementation entity to carry out the Korean government's energy transition plan responding to climate change. KEPCO plans to fully stop coal generation by 2050. In order to achieve that, KEPCO plans to reduce its coal generation capacity to 23 GW in FY30 (FY23: 32.6 GW), and grow its renewable capacity to 37 GW in FY30 (FY23: 6.6 GW).
Risk & Catalysts
AS OF 22 Mar 2024Key risks to KEPCO’s standalone credit profile include: 1) higher-than-expected fuel costs due to continued increase of international prices of coal, natural gas and oil as well as a significant depreciation of the KRW against the $; (2) inability to pass through high fuel costs due to insufficient tariff adjustment; and (3) higher-than-expected capex and investments related to Korea’s green transition.
However, we do not foresee these risks to materially impair KEPCO’s ability to access funding, credit rating and overall credit profile as we expect KEPCO to continue receiving an extremely high level of support from the Korean government.
KEPCO’s exposure to nuclear power operations and coal-fired power generation may post ESG concerns for investors with an ESG mandate. But this risk exposure is partially alleviated by the company’s gradual shift towards renewable energy.
Key Metric
AS OF 22 Mar 2024| KRW bn | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Debt to Book Cap | 55.2% | 55.3% | 60.1% | 76.9% | 80.5% |
| Net Debt to Book Cap | 54.0% | 54.1% | 58.7% | 75.3% | 78.4% |
| Debt/Total Equity | 1.2x | 1.2x | 1.5x | 3.3x | 4.1x |
| Debt/Total Assets | 42.9% | 43.0% | 46.7% | 59.6% | 64.3% |
| Gross Leverage | 8.7x | 5.6x | 16.5x | -6.9x | 18.2x |
| Net Leverage | 8.5x | 5.5x | 16.1x | -6.8x | 17.7x |
| Interest Coverage | 4.8x | 7.8x | 3.1x | -7.2x | 1.9x |
| EBITDA Margin | 16.5% | 26.5% | 9.8% | (28.3%) | 9.6% |
CreditSight View Comment
AS OF 06 Feb 2025KEPCO is the sole electricity distributor and transmitter in South Korea, undertaking an irreplaceable policy role. Its credit profile is underpinned by excellent government support which allows the company to enjoy strong access to the onshore and offshore funding channels that mitigate its elevated leverage and insufficient cash coverage for short-term debt. KEPCO is in the process of implementing a financial improvement plan and aim to restore its financial soundness by 2027. Its $ bonds provide attractive yield pick-ups compared to lower-rated Chinese SOEs and BBB-rated low beta Korean corporates, in our view. We prefer the new KORELE Feb-28 and KORELE 5.5% Apr-28 for short-dated high-coupon carry and better trading liquidity.
Recommendation Reviewed: February 06, 2025
Recommendation Changed: July 24, 2023
Who We Recommend
SK Hynix
Industrial Bank of Korea
PLN
How may we help you?
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Fundamental View
AS OF 29 Feb 2024Toyota’s slower ramp of battery electric vehicle (BEV) production and sales relative to its peers was a common investor concern a year ago. However, with the recent slowdown in consumer adoption of BEVs in North America and Europe and Toyota’s dominance in the hybrid electric vehicle (HEV) market, those concerns have abated, at least for the time being. Importantly, Toyota management has indicated its profitability of its HEV portfolio is on par with its ICE portfolio profitability. We continue to believe that Toyota’s market leading position in HEVs provides consumers with a more eco-friendly option than traditional ICE vehicles that can serve as a bridge to EVs while the charging infrastructure is built out and the cost of producing EVs is reduced.
Business Description
AS OF 29 Feb 2024- Toyota Motor Corp. (TMC) engages in the manufacture and sale of motor vehicles and parts. The Financial Services segment offers purchase or lease financing to Toyota vehicle dealers and customers. It also provides retail leasing through lease contracts purchased by dealers. The company was founded by Kiichiro Toyoda on August 28, 1937, and is headquartered in Toyota, Japan. In July 2000, the company established Toyota Financial Services Corporation (TFSC), a wholly owned subsidiary, to oversee the management of its finance companies worldwide.
- Toyota Financial Services Corporation (TFSC), a wholly owned subsidiary of TMC, oversees the management of Toyota's finance companies worldwide. Toyota Motor Credit Corporation (TMCC) is the company’s principal financial services subsidiary in the United States and is an indirect wholly owned subsidiary. Under terms of the credit support agreement between TFSC and TMCC, TFSC agrees to: (1) maintain 100% ownership of TMCC; (2) cause TMCC and its subsidiaries to have a tangible net worth of at least $100,000; (3) make sufficient funds available to TMCC so that it will be able to service the obligations arising out of its own bonds, debentures, notes and other investment securities and commercial paper. The terms of the credit support agreement between TMC and TFSC are very similar to the terms of the TFSC and TMCC credit support agreement.
Risk & Catalysts
AS OF 29 Feb 2024Toyota Motor Credit Corporation (TMCC) credit metrics stable. TMCC F3Q24 earnings before taxes increased 50% YoY and 3x sequentially. At F3Q24 the delinquency rate expanded 10 bp YoY to 0.9%, nearly double pre-pandemic levels, while the retail charge-off rate expanded 10bp YoY to 0.7%. The company notes that changes in interest rates or unemployment could increase credit losses and additional provisioning. Additionally, elevated prices and high borrowing costs have impacted some consumers’ ability to make scheduled payments resulting in an increase in consumer delinquencies and charge-offs.
Key Metric
AS OF 29 Feb 2024| ¥ bn | FY20 | FY21 | FY22 | FY23 | F3Q24 |
|---|---|---|---|---|---|
| Total Company Earning Assets | 110,621 | 116,546 | 117,659 | 120,018 | 129,320 |
| Cash and Investments | 6,790 | 8,195 | 7,670 | 6,398 | 6,458 |
| Total Liquidity | 31,390 | 35,895 | 36,070 | 33,498 | 35,058 |
| Unsecured Debt | 83,172 | 85,513 | 82,288 | 78,949 | 85,744 |
| Secured Debt | 14,568 | 24,212 | 26,864 | 32,736 | 33,262 |
| Total Debt | 97,740 | 109,725 | 109,152 | 111,685 | 119,006 |
| Allowance % Retail Rece. | 0.86% | 1.64% | 1.66% | 1.83% | 1.81% |
| Allowance / Net Charge-offs | 1.58x | 4.50x | 6.68x | 3.03x | 2.56x |
| Net Charge-offs % Avg. Receivable | 0.56% | 0.39% | 0.26% | 0.63% | 0.72% |
| 30+ Day Delinquency Rate | 1.8% | 1.2% | 1.8% | 2.3% | 3.1% |
CreditSight View Comment
AS OF 13 May 2024We reiterate our Underperform recommendations on notes of Toyota Motor Co. (TOYOTA: A1/A+/A+; S/S/S) and Toyota Motor Credit Corporation (TMCC: A1/A+/A+; S/S/S) based primarily on relative value. Toyota reported record profit in FY24 and announced increased investments in labor, suppliers, and BEVs in FY25 that it expects to reduce operating profit 20%. We applaud the investments that we believe should further its new energy vehicle offerings well beyond its hybrid electric vehicles (HEVs), which account for more than one-third of its sales. We believe the Toyota bond complex is fairly valued at current levels but will continue to underperform the broader market and the A-rated index owing to its high-A credit rating and short duration.
Recommendation Reviewed: May 13, 2024
Recommendation Changed: January 13, 2023
Who We Recommend
SK Hynix
Industrial Bank of Korea
PLN
How may we help you?
Search topics about wealth insights and investments.- Sector: Financial Services
- Sub Sector: Banks
- Region: Japan
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Fundamental View
AS OF 01 Jan 1970Business Description
AS OF 01 Jan 1970Risk & Catalysts
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Key Metric
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CreditSight View Comment
AS OF 01 Jan 1970Recommendation Reviewed: January 01, 1970
Recommendation Changed: January 01, 1970
Who We Recommend
SK Hynix
Industrial Bank of Korea
PLN
How may we help you?
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Fundamental View
AS OF 01 Jan 1970Business Description
AS OF 01 Jan 1970Risk & Catalysts
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Key Metric
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CreditSight View Comment
AS OF 01 Jan 1970Recommendation Reviewed: January 01, 1970
Recommendation Changed: January 01, 1970
Who We Recommend
SK Hynix
Industrial Bank of Korea
PLN
How may we help you?
Search topics about wealth insights and investments.- Sector: Financial Services
- Sub Sector: Banks
- Region: US
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Fundamental View
AS OF 01 Jan 1970Business Description
AS OF 01 Jan 1970Risk & Catalysts
AS OF 01 Jan 1970Notice: Undefined index: keyMetrics in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 20
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Key Metric
AS OF 23 May 2025Notice: Undefined index: keyMetrics in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 32 Notice: Trying to access array offset on value of type null in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 32 Notice: Trying to access array offset on value of type null in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 32 |
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CreditSight View Comment
AS OF 01 Jan 1970Recommendation Reviewed: January 01, 1970
Recommendation Changed: January 01, 1970
Who We Recommend
SK Hynix
Industrial Bank of Korea
PLN
How may we help you?
Search topics about wealth insights and investments.- Sector: Financial Services
- Sub Sector: Banks
- Region: Canada
Read this content. Log in or sign up.
If you are an investor with us, log in first to your Metrobank Wealth Manager account.
If you are not yet a client, we can help you by clicking the SIGN UP button.
Fundamental View
AS OF 01 Jan 1970Business Description
AS OF 01 Jan 1970Risk & Catalysts
AS OF 01 Jan 1970Notice: Undefined index: keyMetrics in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 20
Notice: Trying to access array offset on value of type null in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 20
Notice: Trying to access array offset on value of type null in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 20
Notice: Undefined index: keyMetrics in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 21
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Key Metric
AS OF 21 May 2025Notice: Undefined index: keyMetrics in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 32 Notice: Trying to access array offset on value of type null in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 32 Notice: Trying to access array offset on value of type null in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 32 |
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CreditSight View Comment
AS OF 01 Jan 1970Recommendation Reviewed: January 01, 1970
Recommendation Changed: January 01, 1970
Who We Recommend
SK Hynix
Industrial Bank of Korea
PLN
How may we help you?
Search topics about wealth insights and investments.- Sector: Financial Services
- Sub Sector: Brokers
- Region: US
Read this content. Log in or sign up.
If you are an investor with us, log in first to your Metrobank Wealth Manager account.
If you are not yet a client, we can help you by clicking the SIGN UP button.
Fundamental View
AS OF 01 Jan 1970Business Description
AS OF 01 Jan 1970Risk & Catalysts
AS OF 01 Jan 1970Notice: Undefined index: keyMetrics in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 20
Notice: Trying to access array offset on value of type null in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 20
Notice: Trying to access array offset on value of type null in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 20
Notice: Undefined index: keyMetrics in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 21
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Key Metric
AS OF 23 May 2025Notice: Undefined index: keyMetrics in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 32 Notice: Trying to access array offset on value of type null in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 32 Notice: Trying to access array offset on value of type null in /home/ubuntu/wealthinsights.metrobank.com.ph/web/app/themes/mb-wealth-insights/template-parts/components/keymetrics_table.php on line 32 |
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CreditSight View Comment
AS OF 01 Jan 1970Recommendation Reviewed: January 01, 1970
Recommendation Changed: January 01, 1970
Who We Recommend
SK Hynix
Industrial Bank of Korea
PLN