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Investors in Public Financial Holdings (HKG:626) From Five Years Ago Are Still Down 23%, Even After 32% Gain This Past Week
PUBLIC FIN HOLD: Interim Report 2024
Public Financial Holdings Turns to Loss in H1 2024
Express News | Corrected-Public Financial Holdings H1 Operating Income HKD 593.9 Million (Corrects Amount)
Public Fin Hold (00626) announced its interim results, with a net loss of 34.493 million Hong Kong dollars, a year-on-year reversal from profit to loss.
Public Fin Hold (00626) announces its mid-term performance for 2024, with a net interest income of approximately HKD 0.471 billion, a year-on-year comparison ...
Public Fin Hold (00626.HK) total interest income in the mid-term increased by 6.7% year-on-year to HKD 1.0138 billion.
On July 18th, Gelunhui reported that Public Fin Hold (00626.HK) recorded a post-tax loss of HKD 34.5 million for the six months ended on June 30, 2024, a significant decrease of HKD 0.1483 billion compared to the same period last year. The group's basic loss per share was HKD 0.03. Due to the uncertainty of the operating environment and financial performance, the Board of Directors did not declare an interim dividend. During the review period, the group’s total interest income increased HKD 63.3 million or 6.7% to HKD 1.0138 billion, mainly due to an increase in interest income from debt securities investments in a higher interest rate environment. Total.
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chanpak ks : the aging management with no eager to bring 0626.hk into next glorious is the main problem of 0626.hk. mother company of public bank group in Malaysia not even bother the performance of this 73% subsidiary as profit contribution only a tiny peanut compare to overall group revenue. IF the management & board of director wish to improve the share performance., they are always have multiple good solution to preserve minor share holder value
this includes 1)new merge & acquisition in between bank local or international
2) divert the business from Vietnam , Cambodia into 0626.hk by issue new share with p/b 1
3)share consolidate by convert all 0626.hk share to mother share 1295.my with p/b 1
4)capital reduction by release the retain earnings of 800mil to all share holder n etc
5) consistently share buy back by privatisation the 0626.hk with fair value
this mentioned above all will bring good return to share holder & the board of director just don't bother to do this.
in short, they are just no empathy to minor share holder by just sit on the rock without doing any effort to improve the current environment.