"Hecto Financial's Core Payment Businesses to Continue Steady Growth"

Eugene Investment & Securities said on November 10 that Hecto Financial is expected to improve profitability on the back of steady growth in its core payment businesses, including easy cash payments and electronic payment gateway (PG) services.

In a report released that day, analyst Park Jongseon of Eugene Investment & Securities said, "Hecto Financial posted consolidated revenue of 52.6 billion won and operating profit of 4.8 billion won in the third quarter, up 14.9% and 6.2%, respectively, from a year earlier." He added, "The company recorded double-digit year-on-year revenue growth for eight consecutive quarters and revenue in the 50-billion-won range for four consecutive quarters."

The report cited steady growth in the company's core payment businesses and expanding revenue from its own membership-based services, which have high profitability, as factors behind its earnings growth. It also noted that the expansion of new services, including cross-border settlement and mobile coupons, as well as the effects of incorporating subsidiaries, contributed to growth.

Eugene Investment & Securities forecast that steady growth, led by the core payment businesses, would continue in the fourth quarter alongside improved profitability. It also highlighted the company's active response to the stablecoin and artificial intelligence (AI) agent payment markets.

Analyst Park said, "Expectations that the company will benefit from efforts to commercialize stablecoins in domestic and overseas markets and from the expansion of the AI commerce market could help its share price turn upward."

This content was produced with the assistance of AI translation services.