Sign in

You're signed outSign in or to get full access.

Jihyun Cho

Research Analyst at JPMorgan Chase & Co.

Jihyun Cho is an Executive Director at JPMorgan Chase & Co., serving as an analyst within the firm’s banking division. While specific companies under coverage and detailed performance metrics are not publicly documented, Cho's role suggests involvement in high-level analysis and strategic oversight within the sector. Since joining JPMorgan Chase & Co., Cho has contributed expertise in banking and finance, and prior details about earlier career positions remain limited. Professional credentials and securities licenses are not explicitly listed in available public sources.

Jihyun Cho's questions to SHINHAN FINANCIAL GROUP CO (SHG) leadership

Question · Q3 2024

Jihyun Cho of JPMorgan Chase & Co. requested an update on the group's real estate Project Finance (PF) exposure, the potential for additional provisioning or reversals, and the overall timeline for resolution as market conditions evolve.

Answer

CRO Bang Dong-kwon explained that while the market anticipates recovery, government-led PF loan normalization will proceed rapidly. The group's PF exposure is KRW 9.4 trillion, and after a full viability review, significant provisions have been made. He stated that while risks remain, large-scale provisioning like in H1 is unlikely, though smaller, recurring provisions may occur. An executive added that the peak for completion guarantee projects is expected in H2 2024.

Ask follow-up questions

Fintool

Fintool can predict SHINHAN FINANCIAL GROUP CO logo SHG's earnings beat/miss a week before the call

Jihyun Cho's questions to KB Financial Group (KB) leadership

Question · Q3 2024

Jihyun Cho of JPMorgan asked about the credit cost projection, the potential for additional provisioning related to ongoing project financing (PF) restructuring, and the current status of the PF market, including any concerns with real estate trust products.

Answer

An executive explained that due to conservative and preemptive provisioning in the past, the group is now seeing some reversals and expects to maintain its credit cost ratio (CCR) at around 40 basis points next year. While new provisioning is required for real estate trusts, ample provisions were set aside in H1. The executive noted that problematic PF sites are being resolved, leading to a decrease in NPLs and some provision write-backs.

Ask follow-up questions

Fintool

Fintool can predict KB Financial Group logo KB's earnings beat/miss a week before the call

Question · Q1 2024

Jihyun Cho of JPMorgan Securities posed several questions regarding Project Financing (PF) provisioning rates, any new provisions for overseas real estate, and whether the 40 bps Credit Cost Ratio (CCR) target was for Q3 or the full year.

Answer

An executive responded that the provisioning rate against PF exposure is about 5%, emphasizing that 95% of the portfolio is high-quality senior debt. They clarified that the 40 bps CCR guidance is intended to apply on both a quarterly and an annual basis. The question regarding overseas real estate provisions was not directly addressed in the transcript.

Ask follow-up questions

Fintool

Fintool can write a report on KB Financial Group logo KB's next earnings in your company's style and formatting