Make money on both stocks and exchanges! Fubon Gold (2881) announced its first-month profit on the eve of its first red trading day. Sure enough, the after-tax surplus made a huge profit of 14 billion yuan. Its banks hit a record high in a single month, and securities also hit the second highest in history. They both made bets. Let the financial holding profit increase by 1.3 times year-on-year, with earnings per share earning 1.08 yuan in just one month, and continue to retain the double crown in the spring of 2024.
Further reading: 12 Financial holdings’ monthly profits increased by 80% on average year-on-year. Cathay Gold’s EPS was 0.65 yuan, temporarily ranking first.
Fubon Financial Holdings made a huge profit of 14 billion yuan in the month, with a profit of 1.08 yuan per share, continuing to be the double champion of the overall financial holdings.Picture/Provided by Fubon Gold
Taiwan stocks drop 1.81%, Fubon Life makes huge profit of 9.075 billion yuan
Benefiting from the depreciation of the New Taiwan dollar and the surge in the stock market, Golden Rooster Fubon Life’s consolidated pre-tax net profit in January 2024 reached 10.723 billion yuan, and the after-tax net profit was 9.075 billion yuan. According to Fubon Life’s table, the main sources of investment income this month are interest income, domestic and foreign stock and fund capital gains.
Fubon Life said that in terms of the stock market, the weighted Taiwan stock index exceeded 18,000 points in January, looking for opportunities to increase capital gains. In terms of the bond market, the U.S. GDP maintained its growth momentum in the fourth quarter of last year, which led to a rebound in interest rates at the beginning of this year and then consolidated. The investment strategy maintains sufficient liquidity and appropriately increases bond positions based on market opportunities to increase overall recurring returns.
In the foreign exchange market, the U.S. economy has performed steadily since the beginning of the year, and the market has adjusted expectations for interest rate cuts, driving the U.S. dollar exchange rate to rebound. The Taiwan dollar depreciated 1.81% against the U.S. dollar in January, contributing to exchange gains for the month. At the end of January, the net worth ratio was above 9%, RBC exceeded 300%, and the overall capital level remained good.
Beifuyin earns nearly 3.5 billion yuan in a single month, an annual growth of 6% and a new high
Benefiting from the surge in credit card usage during the Chinese New Year, Taipei Fubon Bank’s after-tax net profit in January 2024 was 3.49 billion yuan, an increase of 6% over the same period last year and a record high for a single month. Revenue increased by 20% compared with the same period last year, of which net interest income and net fee income grew by 12% and 73% respectively. The company said that the merger of Nissen Bank last year and the operation of new Costco customers are gradually showing results. In January, the wealth management business continued its good performance last year, with financial management income growing by nearly 70% year-on-year; the credit card business benefited from the continued increase in market share in the number of valid cards, with spending amount growing 76% year-on-year. The balance of deposits increased by 7% and 11% respectively year-on-year, showing steady growth under cost and risk control. As of the end of January, the overpayment ratio was 0.12%, and the bad debt allowance coverage rate was 1,094%, maintaining good asset quality.
Fubon Property & Casualty Insurance’s net profit after tax in January 2024 was 545 million yuan, mainly due to the solid underwriting business performance and investment income injection. The overall contract signing market share was 24.8%, an increase of 1.2% from the same period last year, continuing to lead the market. Fubon Securities’ after-tax net profit in January 2024 was 628 million yuan, an increase of 61 million yuan from the previous month and an increase of 137 million yuan from the same period last year. Benefiting from the fact that the daily average value of Taiwan stocks in January 2024 increased by 57% compared with the same period last year, the income from brokerage and financial management business increased significantly compared with the same period last year.
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Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media. From the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care about you.
2024-02-14 06:14:16
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