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Shinhan Securities Upgrades KOSPI Earnings Outlook Following Q2 Surprise
Finance · Financial Conglomerates · yonhap_finance · 2026-08-25
Shinhan Securities has raised its annual earnings forecast for KOSPI-listed companies by 6.2%, citing strong Q2 results led by energy and IT sectors.
What Happened
Q2 Earnings Surprise: Shinhan Securities reported that KOSPI's Q2 operating and net profits exceeded market consensus by 9.2% and 32.4%, respectively. The growth was primarily driven by the energy, IT, industrial, and materials sectors.
Sector Divergence: While the energy sector posted the highest surprise rate, consumer discretionary, transportation, and hospitality sectors fell short of expectations. This highlights a clear divergence in performance across different industries.
Forecast Upgrade: The firm has raised its net profit consensus for 261 domestic companies by 6.2% compared to the previous month. Significant profit improvements are expected in the energy, shipbuilding, and IT hardware sectors.
Investment Strategy: Investors are advised to focus on sectors experiencing both profit growth and upward revisions in earnings per share. Key areas of interest include energy due to refining margins, shipbuilding due to productivity gains, and IT hardware driven by AI demand.