Latest news with #KB
Business Wire
17 hours ago
- Business
- Business Wire
KB Home Announces the Grand Opening of Its Newest Community in a Desirable Southeast Stockton, California Location
STOCKTON, Calif.--(BUSINESS WIRE)--KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Parkside at Kennedy Ranch, a new community in a desirable southeast Stockton, California location close to the Sacramento-San Joaquin River Delta. The new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. Parkside at Kennedy Ranch's one- and two-story floor plans feature up to six bedrooms and four baths. Homeowners will also appreciate the proximity to schools. What sets KB Home apart is the company's focus on building strong, personal relationships with every customer, so they have a real partner in the homebuying process. Every KB home is uniquely built for each customer, so no two KB homes are the same. Homebuyers have the ability to personalize their new home, from floor plans to exterior styles to where they live in the community. Their home comes to life in the KB Home Design Studio, a one-of-a-kind experience where customers get both expert advice and the opportunity to select from a wide range of design choices that fit their style and their budget. Reflecting the company's commitment to creating an exceptional homebuying experience, KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site. 'We are pleased to offer Central Valley homebuyers a new community in a prime southeast Stockton location that is walking distance to schools and close to the Sacramento-San Joaquin River Delta for boating, waterskiing and fishing,' said Matt Sauls, President of KB Home's North Bay and Central Valley divisions. 'Parkside at Kennedy Ranch is close to entertainment venues in downtown Stockton, including Adventist Health Arena, Banner Island Ballpark and Weber Point Events Center. At KB Home, we're here to help you achieve your dream with a personalized new home built uniquely for you and your life.' Innovative design plays an essential role in every home KB builds. The company's floor plans inspire contemporary living, with a focus on roomy, light-filled spaces that have easy indoor/outdoor flow. KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are also designed to be ENERGY STAR ® certified — a standard that fewer than 12% of new homes nationwide meet — offering greater comfort, well-being and utility cost savings than new homes without certification. Parkside at Kennedy Ranch is in a commuter-friendly location that offers homebuyers an exceptional lifestyle. The new community is situated at the corner of Pock Lane and East Loomis Road, close to Interstate 5 and Highway 99 and providing easy access to downtown Stockton, Stockton Metropolitan Airport and the area's major employment centers, including Airpark 599, a 272-acre industrial park with proposed Class A space. Parkside at Kennedy Ranch is convenient to popular shopping, dining and entertainment as well as the Regional Sports Complex, which offers softball and soccer fields, a concession stand and picnic shelter. The new neighborhood is also a short drive to Yosemite National Park and the Sierra Nevada Mountains, which feature year-round outdoor recreation and world-class resorts. The Parkside at Kennedy Ranch sales office and model homes are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from $430,000s. For more information on KB Home, call 888-KB-HOMES or visit About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 49 markets, have built nearly 700,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR ® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit
Business Wire
17 hours ago
- Business
- Business Wire
KB Home Announces the Grand Opening of Its Newest Community in Desirable Orting, Washington
ORTING, Wash.--(BUSINESS WIRE)--KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Bridgewater, a new-home community in desirable Orting, Washington, which offers small-town charm, vibrant community events and scenic beauty. The new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community's two-story floor plans feature up to six bedrooms and four baths. Bridgewater is walking distance to schools, parks and the Puyallup River, and homeowners will appreciate the stunning views of Mount Rainier and the Cascade Foothills. What sets KB Home apart is the company's focus on building strong, personal relationships with every customer, so they have a real partner in the homebuying process. Every KB home is uniquely built for each customer, so no two KB homes are the same. Homebuyers have the ability to personalize their new home, from floor plans to exterior styles to where they live in the community. Their home comes to life in the KB Home Design Studio, a one-of-a-kind experience where customers get both expert advice and the opportunity to select from a wide range of design choices that fit their style and their budget. Reflecting the company's commitment to creating an exceptional homebuying experience, KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site. 'We are pleased to offer homebuyers in the Seattle-Tacoma area spacious new two-story homes in the charming and scenic town of Orting,' said Ryan Kemp, President of KB Home's Seattle division. 'Bridgewater is situated on the banks of the Puyallup River, which features opportunities for bird-watching, fishing, kayaking, tubing and rafting. Homeowners will appreciate the stunning views of Mount Rainier and the Cascade foothills as well as the proximity to schools and family friendly parks, including Calistoga and Whitehawk Parks. At KB Home, we're here to help you achieve your dream with a personalized new home built uniquely for you and your life.' Innovative design plays an essential role in every home KB builds. The company's floor plans inspire contemporary living, with a focus on roomy, light-filled spaces that have easy indoor/outdoor flow. KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are also designed to be ENERGY STAR ® certified — a standard that fewer than 12% of new homes nationwide meet — offering greater comfort, well-being and utility cost savings than new homes without certification. Bridgewater is in a ideal location that offers homebuyers an exceptional lifestyle. The community is situated at the corner of Calistoga Way West and Chief Emmons Lane Northwest, providing easy access to Highways 167, 410 and 512, Interstate 5, downtown Tacoma, Seattle-Tacoma International Airport and the area's major employment centers. Bridgewater is close to shopping and dining at Orting's Pioneer Village Shopping Center. The new neighborhood is also near Foothills Trail, which offers walking, biking, running and horseback riding, and a short drive to Crystal Mountain Resort, White Pass and Mount Rainier National Park, which features hiking, biking, skiing and snowboarding. The Bridgewater sales office and model home are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from the low $500,000s. For more information on KB Home, call 888-KB-HOMES or visit About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 49 markets, have built nearly 700,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR ® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit
Korea Herald
4 days ago
- Business
- Korea Herald
Woori's investor gap: Value trap or untapped potential?
Woori's foreign ownership lags KB, Shinhan, Hana as strategic shift stalls While foreign investors have poured into South Korea's major banking stocks over the past year, Woori Financial Group remains an outlier. Unlike peers KB, Hana, and Shinhan— whose foreign ownership ranges from 60 percent to nearly 80 percent — Woori is the only top-tier financial group with les than 50 percent foreign ownership. As of Tuesday, foreign investors' total stake in Woori stood at 46 percent, compared to KB Financial Group's 78 percent and Hana's 67 percent. The gap, despite a broad rally in Korean financial stocks, suggests that global investors may view Woori as less attractive than its peers. One likely reason for Woori's relatively low foreign ownership is its unique shareholder structure, a legacy of its privatization. To recover 12 trillion won ($8.81 billion) in public funds, the government sold shares to private investors, who would have board nomination rights, provided they held a more than 4 percent stake. Unlike its peers, Woori still has significant stakes held by domestic strategic investors. Korea Investment & Securities, Fubon Hyundai Life, Kiwoom Securities and Eugene PE collectively hold about 14 percent. The Korea Deposit Insurance Corporation, which held 21 percent, fully exited last year. Woori's employee stock ownership association holds another 8.2 percent. 'Most of these major shareholders are domestic. It's rare for a Korean financial group to have this structure, which effectively keeps foreign ownership low,' said Kim Woo-jin, senior banking analyst at the Korea Institute of Finance. 'What matters more than the headline figure is the share of foreign holdings relative to the actual tradable float.' While the exact figure wasn't disclosed, a company official noted that Woori's foreign ownership would be higher if measured against the float — the shares freely traded on the market. This concentrated ownership not only reduces foreign accessibility but also raises overhang concerns — the risk that major shareholders could offload large amounts of shares. But after another major shareholder IMM PE's recent exit, Woori's CFO said in a February earnings call that no further divestments by major shareholders are expected, adding, 'We believe Woori's overhang risk has been fully resolved.' Woori's limited business diversification also weighs on sentiment. Over 90 percent of its profit comes from banking, compared to 60 percent at KB and 70 percent at Shinhan. Hana, while similarly reliant on banking, is still supported by more developed and balanced non-bank operations. 'Investors favor banks with diversified income and scalable growth beyond lending,' said Rena Kwok, senior credit analyst at Bloomberg Intelligence. 'Woori remains more domestically concentrated and may still be viewed as lagging in strategic clarity, particularly in expanding into non-banking businesses.' Chairman and CEO Yim Jong-ryong has been trying to change that. Since taking office in March 2023, he has led the integration of Tongyang Life and ABL Life and relaunched Woori's securities business. Once the insurers are officially incorporated in July, the group expects its reliance on banking to decline to 82 percent. Woori is also working to improve its financial fundamentals. It remains the only major Korean banking group with a Common Equity Tier 1 ratio below 13 percent, posting 12.42 percent in the first quarter. But it logged the largest CET1 gain among peers and aims to reach 12.5 percent this year and 13 percent by 2027. Return on equity also trails peers. Woori posted just over 9 percent, excluding one-off expenses, compared to KB's 13 percent, Shinhan's 11.3 percent and Hana's 10.6 percent. The firm expects ROE to improve by up to 1 percentage point after the insurance integration. 'The key for Woori isn't short-term performance, but strengthening its earnings structure,' said KFI's Kim. 'It's not about whether non-bank units exist, but whether they generate solid returns. Strong operations, combined with credible leadership, can make Woori more appealing to global investors.' Kim also noted growing investor confidence in leadership. Since Yim took office, Woori's stock has climbed 90 percent over three years. This year, it ranked among the top 10 most purchased by foreign investors, including a 10 percent gain in June alone. 'Ultimately, investors look at leadership—can the CEO deliver returns?' Kim said. 'Even if earnings are still catching up, investor confidence in leadership can drive capital inflows.' A local market expert, speaking on condition of anonymity, echoed the sentiment, noting that Yim's combination of bureaucratic experience and successful leadership at NH NongHyup Financial Group has earned him credibility. 'If his leadership gains traction, it could send a strong signal to global investors. And with foreign ownership still low, there's room for additional inflows that could lift the stock.' Kwok pointed to governance as another area in need of improvement. Woori came under legal scrutiny over alleged improper loans tied to its former chairman, resulting in a downgrade of its regulatory management rating and delaying its non-banking expansion. 'Scandals in Korea's financial sector tend to have repercussions, and Woori's handling of the fallout has exposed broader governance weaknesses. It evidently needs stronger board independence, better succession planning and tighter internal control systems," she said, adding Woori must also improve transparency in decision-making to align with global standards. jwc@
Korea Herald
5 days ago
- Business
- Korea Herald
KB eyes Bukopin Finance sale in Indonesia turnaround push
KB Kookmin Bank is negotiating with JB Financial Group to sell PT KB Bukopin Finance, its Indonesian installment financing subsidiary, to stay afloat in the Southeast Asian market, according to sources familiar with the matter on Monday. 'Talks are underway between KB and JB,' said a JB Financial Group official. A KB official confirmed that the bank is currently reviewing a potential sale of its Indonesian subsidiary but added that no final decision has been made. Acquired by KB in 2008, PT KB Bukopin Finance specializes in auto installment loans, personal credit and loans to self-employed individuals. KB owns a 97 percent stake in PT KB Bukopin Finance, which turned profitable last year after four years of losses, reporting a net income of 12.46 billion rupiah ($1 million). If the deal is successful, JB Financial Group is poised to accelerate its expansion into Indonesia's auto finance sector, including auto installment financing through its key affiliate JB Woori Capital. The potential sale is part of KB's broader efforts to turn around its Indonesian operations, which have faced persistent challenges since the bank gained management control of its subsidiary, KB Bank Indonesia, in 2020. Despite recording a profit of 28.8 billion won ($23 million) in the first quarter of this year, its first positive quarterly result after years of losses, KB Bank Indonesia remains in the red on an annual basis. Since the acquisition, cumulative losses have reached 1.7 trillion won, spanning more than seven years of operational struggles. KB aims to return its Indonesian subsidiary to profitability by 2026, with a full-year profit target set for this year. A key component of this restructuring involves the possible divestment of PT KB Bukopin Finance, a significant asset within KB Bank Indonesia's subsidiary structure. The sale would allow KB to focus on strengthening its core domestic operations and improving the performance of its regional units. In addition to PT KB Bukopin Finance, KB Bank Indonesia's corporate structure includes PT Bank KB Bukopin Syariah, which provides Islamic banking services. Last month, the bank appointed Kunardy Darma Rie as its new president director. This marks the first time a non-Korean has been named to lead KB Indonesia, signaling a shift toward greater localization. Rie, a corporate finance expert, plans to establish a more locally focused management system and enhance revenue streams, aligning with the bank's strategic objectives. As part of its regional operational optimization, KB Financial Group is also preparing to establish a local financial holding company in Indonesia to comply with the country's financial conglomerate regulations.
Yahoo
06-06-2025
- Business
- Yahoo
KB Home Announces the Grand Opening of Its Newest Community in a Prime Meridian, Idaho Location
Pivot Pointe offers personalized, new homes with mountain views, planned family friendly amenities and minutes to local schools, priced from the $380,000s. BOISE, Idaho, June 06, 2025--(BUSINESS WIRE)--KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Pivot Pointe, a new community in desirable Meridian, Idaho. The new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. Pivot Pointe's two-story floor plans feature up to five bedrooms and three baths. Homeowners will appreciate the community's mountain views, proximity to local schools, and planned amenities, which include a park with a pavilion, fire pit, children's playground and walking paths. What sets KB Home apart is the company's focus on building strong, personal relationships with every customer, so they have a real partner in the homebuying process. Every KB home is uniquely built for each customer, so no two KB homes are the same. Homebuyers have the ability to personalize their new home, from floor plans to exterior styles to where they live in the community. Their home comes to life in the KB Home Design Studio, a one-of-a-kind experience where customers get both expert advice and the opportunity to select from a wide range of design choices that fit their style and their budget. Reflecting the company's commitment to creating an exceptional homebuying experience, KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site. "We are pleased to offer Boise-area homebuyers spacious new homes in a prime Meridian location, close to schools," said Stan Katanic, President of KB Home's Boise division. "Homeowners will appreciate the community's mountain views and planned on-site amenities, which include a park with a pavilion, fire pit, children's playground and walking paths. At KB Home, we're here to help you achieve your dream with a personalized new home built uniquely for you and your life." Innovative design plays an essential role in every home KB builds. The company's floor plans inspire contemporary living, with a focus on roomy, light-filled spaces that have easy indoor/outdoor flow. KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are also designed to be ENERGY STAR® certified — a standard that fewer than 12% of new homes nationwide meet — offering greater comfort, well-being and utility cost savings than new homes without certification. Pivot Pointe is in a commuter-friendly location that offers homebuyers an exceptional lifestyle. The new community is situated at the corner of West Pine Avenue and South Black Cat Road, close to Interstate 84 and providing easy access to downtown Boise, the area's major employment centers and Boise Airport. The new neighborhood is also convenient to popular shopping, dining and entertainment at Ten Mile Crossing, Ford Idaho Center, The Village at Meridian and SCHEELS®. Pivot Pointe is minutes to Kleiner Park, Ridgecrest Golf Club and Meridian Community Swimming Pool and just a short drive to outdoor recreation at Lake Lowell Park, Lucky Peak State Park and Bogus Basin. The Pivot Pointe sales office and model homes are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from the $380,000s. For more information on KB Home, call 888-KB-HOMES or visit About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 49 markets, have built nearly 700,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit View source version on Contacts For Further Information:Craig LeMessurier, KB Home925-580-1583clemessurier@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
