Summary by Moomoo AI
Liqiao Securities Holdings Limited (“Liqiao Securities”) issued a positive earnings forecast on March 27, 2024, expecting a profit reversal in 2023. Based on preliminary unaudited consolidated management accounts assessment, Tachibashi Securities expects earnings to increase from HK$7 million in 2022 to approximately HK$24.1 million in 2022, translating from a loss of HK$12.7 million in the previous year to a profit of at least HK$500 million. This result is mainly due to increased transaction volume driven by the partnership model, increased revenue from distribution and introduction fees, and increased consultant fee income, while benefiting from the company's strict cost control policies. Liqiao Securities reminds shareholders and potential investors to exercise caution when trading and will disclose final results and other details in the Annual Results Announcement.