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Shinhan Financial Group (NYSE: SHG): Low PBR with a Strong Balance Sheet, But Has US Commercial Real Estate Exposure
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Shinhan Financial Group (NYSE: SHG): Low PBR with a Strong Balance Sheet, But Has US Commercial Real Estate Exposure

One of Korea's Big Five financial groups, Shinhan Financial Group (NYSE: SHG) has a low PBR of around 0.42 plus a strong balance sheet, but it also has exposure to US commercial real estate.

Mar 01, 2024
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Emerging Market Skeptic
Emerging Market Skeptic
Shinhan Financial Group (NYSE: SHG): Low PBR with a Strong Balance Sheet, But Has US Commercial Real Estate Exposure
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One of Korea's Big Five financial groups, Shinhan Financial Group (NYSE: SHG / KRX: 055550) is said to have a strong balance sheet with a low price to book value ratio (PBR) of around 0.42 that will benefit from Korean efforts to address the so-called Korean discount. The main point of concern: The bank has exposure to US commercial real estate.

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