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Far East Horizon Limited's (HKG:3360) Business And Shares Still Trailing The Market
[Brokerage Focus] Ping An Securities maintains a "Recommended" rating for FE HORIZON (03360), stating that the company's Operation is relatively conservative and the dividend payout ratio continues to remain high.
Jinwu Financial News | Ping An Securities stated that FE HORIZON (03360) announced its full-year performance for 2024, with revenue of 37.749 billion yuan (YoY -0.6%), and Net income of 3.862 billion yuan (YoY -37.6%). Total Assets are 360.4 billion yuan (YoY +2.5%), and Net Assets attributable to shareholders are 49 billion yuan (YoY -2.2%). EPS (diluted) is 0.89 yuan, and BVPS is 11.34 yuan. The bank indicated that the company's financial division reported a gross profit of 12.3 billion yuan (YoY -8%), mainly due to a decline in interest income. For the year, the company set aside provisions amounting to 1.25 billion yuan.
CICC: Maintains FE HORIZON (03360) "Outperform Industry" rating with a Target Price of 8.0 Hong Kong dollars.
Considering that the one-time drag item mentioned 24 years ago will be alleviated, along with the expectation of company profit recovery and high dividend support, it is recommended to continue monitoring the investment value.
Far East Horizon Records 38% Lower Profit in 2024
FE HORIZON (03360.HK) reported a 37.63% decrease in net profit for the year 2024 to 3.862 billion yuan, with a final dividend of 0.3 Hong Kong dollars per share.
On March 7, 2023, FE HORIZON (03360.HK) announced its annual results for the year ending December 31, 2024. The company's total revenue was 37.749 billion yuan, a decrease of 0.55% year-on-year; the profit attributable to common shareholders was 3.862 billion yuan, a decrease of 37.63% year-on-year, with basic EPS at 0.92 yuan, and a proposed final dividend of 0.30 HKD per share. In terms of revenue, the comprehensive advantages of diversified operations are fully reflected. The group's consolidated revenue for 2024 is 37.749 billion yuan, showing a slight overall decline of 0.55%. Among them, traditional finance...
Express News | Far East Horizon - Recommends Payment of Final Dividend of HK$0.30 per Share
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