Tachibashi Securities Holdings (08350) announced that it expects the company's earnings for the year ended December 31, 2022...
According to the Zhitong Finance App, Tachibashi Securities Holdings (08350) announced that the company's revenue is expected to rise from HK$7 million for the year ended 31 December 2022 to approximately HK$24.1 million for the year ended 31 December 2023; and from a loss of HK$12.7 million in the previous year to a profit of not less than HK$5 million this year.
This mainly comes from the increase in trading volume, increase in placement and referral fee revenue, and increase in advisory fee revenue driven by drawing on the cooperation model of the introducer brokerage firm to obtain guaranteed financing from another Hong Kong securities company to the company's customers. Turning losses into profits is also based on strict cost control policies.