Hana Securities Forecasts KOSPI Could Reach 11,450 Points, Cites Technical Bottom Near 7,290 on July 10

According to a Hana Securities report on July 10, analyst Lee Jae-man forecast KOSPI could reach 11,450 points long-term and 9,240 points in the near term. The analyst noted that KOSPI has technically reached bottom levels, with current index levels around 7,290 points—approximately 20% below the cycle high of 9,114 points reached on June 22. The long-term target was derived by applying a historical average price-to-earnings ratio of 9.96x to 2027 earnings estimates of 946 trillion won for listed companies.
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