Public Financial Holdings Limited provides consolidated earnings guidance for the six months ending 30 June 2024. For the period, the Group expects to record a loss attributable to equity shareholders of the Company of approximately HKD 30 million, as compared with a profit of HKD 114 million for the six months ended 30 June 2023, mainly due to: an increase in expected credit loss provision by approximately HKD 80 million, mainly from hire purchase loans amidst a noticeable decline in the value of public vehicle licences and increased delinquency and bankruptcy from personal lending borrowers; a decrease in net interest income by approximately HKD 35 million attributed to the hike in funding cost; and a decrease in fair value of investment properties by approximately HKD 25 million in the first half of year 2024 as compared to a revaluation gain of HKD 7 million in the corresponding period of 2023.
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5-day change | 1st Jan Change | ||
1.23 HKD | -0.81% |
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-0.81% | -23.60% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-23.60% | 173M | |
+20.39% | 588B | |
+20.02% | 316B | |
+23.04% | 268B | |
+21.13% | 208B | |
+15.27% | 175B | |
+27.52% | 175B | |
+6.00% | 157B | |
+10.60% | 154B | |
-3.58% | 150B |
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- Public Financial Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ending 30 June 2024