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Earnings Working Against Far East Horizon Limited's (HKG:3360) Share Price
Express News | UBS Group's Long Position in Far East Horizon Decreases to 11.70% on Nov 6 From 12.16% - HKEX
Founder Securities: Maintaining a 'recommended' rating for fe horizon (03360), with a slight pressure on profits but stable interest rate spread.
It is reported that fe horizon disclosed the operating overview for the third quarter of 2024. In 9M24, fe horizon's revenue saw a slight decrease year-on-year, with the net income decreasing by a margin similar to the mid-term (1H24 year-on-year -32%).
Far East Horizon's Attributable Profit Continues to Fall in Nine-Month Period
fe horizon (03360.HK) will always adhere to the development strategy of "finance + industry".
As of October 21st, Far East Horizon (03360.HK) announced that since 2024, the Group has adhered to a safe and steady operation strategy, focusing on enhancing shareholder returns, and the overall operation is generally stable. As of September 30, 2024, compared to the same period last year, the Group's revenue saw a slight decline, with the decrease in attributable net profit to ordinary shareholders being generally consistent with the mid-term. Financial business: The financial leasing business is steadily progressing, with orderly deployment of interest-bearing assets during this review period, the total interest-bearing assets at the end of the period slightly decreased compared to the end of 2023, and the interest spread was basically flat compared to the end of 2023. Asset quality remains solid, with balance of non-performing assets being maintained.
Fe horizon (03360) revenue slightly decreased in the third quarter.
fe horizon (03360) announced that since 2024, the group has adhered to a safe and steady operation strategy, focusing on improving...
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