Picture of Asia Financial Holdings logo

662 — Asia Financial Holdings News Story

0.000.00%
hk flag iconLast trade - 00:00
FinancialsBalancedMid CapValue Trap

Asia Financial Holdings H1 profit rises on insurance revenue growth, lifts dividend

Asia Financial Holdings H1 profit rises on insurance revenue growth, lifts dividend


Overview

  • Hong Kong insurance and investment firm's net income for H1 rose yr/yr

  • Company raised interim dividend per share to HK7.0 cents from HK6.5 cents

  • Earnings per share for H1 increased to HK72.1 cents from HK45.8 cents


Outlook

  • Company did not provide specific financial guidance or outlook for the current or future periods


Result Drivers

  • INSURANCE REVENUE GROWTH - Insurance revenue rose to HK$1.53 bln from HK$1.45 bln, supporting higher operating profit

  • HIGHER DIVIDEND INCOME - Dividend income increased to HK$173.97 mln from HK$108.31 mln

  • UNREALISED GAINS ON INVESTMENTS - Unrealised gain on investments rose to HK$280.04 mln from HK$148.03 mln


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Net Income Attributable

HK$665.90 mln


Analyst Coverage

  • The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago


Reuters Recommended Reads

  • Aug 25 - Hong Kong's China Taiping profit jumps 90% on life insurance business growth

  • Aug 25 - Insurance distributor SelectQuote's Q4 revenue falls 7%, misses analyst estimates

  • Aug 25 - China's ZhongAn Online interim profit jumps


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Asia Financial Holdings

See all news