Samsung Securities Expects Q2 Net Profit of 524.3B Won, Up 123% YoY

According to DB Securities analyst Na Min-wook on July 13, Samsung Securities (016360) is forecast to post Q2 net profit of 524.3 billion won, representing a 123.4% increase year-over-year and exceeding market expectations by 13.2%. Brokerage commissions are expected to rise 27.2% quarter-over-quarter due to increased trading volumes from favorable market conditions, while wealth management (WM) commissions are projected to grow 6.4% as high-net-worth clients with assets exceeding 3 billion won surpassed 10,000 accounts.
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