遠東宏信:董事局會議召開日期及建議宣派特別股息
[Broker Focus] Ping An Securities first gave Yuandong Hongxin (03360) a “recommended” rating indicating that shareholder returns have been stable for a long time
Jinwu Financial News | According to Ping An Securities Research, Yuandong Hongxin (03360) is a leading independent financial leasing company in China. It has long been deeply involved in nine major industries, including urban public use and healthcare. The strategic focus is shifting towards regions with safer and higher returns in East China and Huazhong, complete wind control systems, stable and moderate asset quality, and strong interest spread management capabilities. It is expected to maintain its leading position in the context of stricter regulation of the leasing industry. According to the bank, in 2023, the financial division and industrial division contributed 61% and 39% respectively. Among them, the financial division mainly focused on financial leasing, contributing 53% of revenue; the industrial division operated equipment
Far East Horizon to Issue $500 Million of Notes
Far East Horizon (HKG:3360) will issue $500 million in notes under its $4 billion medium-term notes program, according to a Tuesday filing on the Hong Kong bourse. The notes will carry a 6.625% coupon
Yuandong Hongxin withdraws US$500 million medium-term notes under the medium-term notes and perpetual securities plan
Yuandong Hongxin (03360) announced that on April 9, 2024, the company signed a subscription agreement with the joint lead manager to withdraw under the plan (the company's US$4 billion medium-term notes and perpetual securities plan), and to sell and issue withdrawal notes with a total face value of US$500 million on April 16, 2024. Withdrawal notes are exempt from compliance with registration requirements under the Securities Law. Withdrawal notes are denominated in dollars. According to Standard & Poor's, withdrawal notes are expected to be rated BBB-. This rating for withdrawal notes does not constitute a recommendation to buy, sell, or hold withdrawal notes, and Standard & Poor's may revise or withdraw at any time
Far East Horizon Limited's (HKG:3360) Shares Lagging The Market But So Is The Business
With a price-to-earnings (or "P/E") ratio of 3.5x Far East Horizon Limited (HKG:3360) may be sending very bullish signals at the moment, given that almost half of all companies in Hong Kong have P/E r
Yuandong Hongxin (03360) withdraws US$500 million medium-term notes under the medium-term notes and perpetual securities plan
According to Zhitong Finance App, Yuandong Hongxin (03360) issued an announcement. On April 9, 2024, the company signed a subscription agreement with the joint lead manager to withdraw according to the plan (the company's US$4 billion medium-term notes and perpetual securities plan), and to sell and issue withdrawal notes with a total face value of US$500 million on April 16, 2024. Withdrawal notes are exempt from registration requirements under the Securities Law. Withdrawal notes are denominated in dollars. According to Standard & Poor's, withdrawal notes are expected to be rated BBB-. This rating of a withdrawal note does not constitute a recommendation to buy, sell, or hold a withdrawal note, and Standard & General
Yuandong Hongxin (03360)'s first quarter revenue and profit attributable to shareholders declined year-on-year
Yuandong Hongxin (03360) issued an announcement. Entering 2024, the group will prioritize safe and steady operation, and strengthen...
FE HORIZON: Annual Report 2023
Analysts Offer Insights on Financial Companies: Far East Horizon Limited (HK:3360), ING GROEP (GB:0RIC) and GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh (AU:GQG)
[Broker Focus] Cathay Pacific Junan International maintains Yuandong Hongxin (03360) “gain” rating and expects its “financial+industry” strategic upgrade to drive performance growth
Jinwu Financial News | According to Guotai Junan International Development Research, in terms of finance, Yuandong Hongxin (03360) had net interest-bearing assets of 269.1 billion yuan, with an average interest yield of 8.24%, an increase of 0.24pt over the previous year, mainly due to excellent customer service and stable pricing brought about by new comprehensive financial services. The average cost ratio of interest-bearing debt was 4.26%, an increase of 0.20 pt over the previous year. Mainly due to the issuance of various new bond products, the increase in costs due to the increase in yield in the 23-year bond market, and the increase in costs due to new withdrawals from overseas banks affected by the overseas interest rate hike cycle. 23-year net interest spread
[Broker Focus] Zheshang Securities maintains Yuandong Hongxin (03360) “buy” rating, indicating that last year's performance was more positive in terms of expected dividend payments
Jinwu Financial News | According to the Zheshang Securities Research Report, in 2023, Yuandong Hongxin (03360) achieved total revenue of 37.96 billion yuan, up 3.8% year on year; net profit to mother was 6.19 billion yuan, up 1.0% year on year. The profit growth rate was lower than the revenue growth rate, mainly due to the high growth rate of sales and administrative expenses; the weighted average return on net assets was 12.99%, down 1.14 pcts year on year, and the performance was in line with expectations. According to the bank, the company's dividend payments are active. In 2023, the company plans to pay a dividend of HK$0.50 per share, corresponding to a dividend rate of about 30% and a dividend rate of about 8%, compared to financial companies
Xiaomo: Maintaining Far Eastern Hongxin's (03360) “Overweight” rating and lowering the target price to HK$8.9
Komo lowered Yuandong Hongxin's (03360) profit forecast for the 2024 and 2025 fiscal years by 3% and 11%.
[Hong Kong Stock Connect] Far East Hongxin (03360) fell 4.72%. Management said the net interest rate drop this year was inevitable, and the target price for motorcycle cutting was 5%
Jinwu Financial News | Far Eastern Hongxin (03360) declined under pressure. As of press release, it reported HK$6.05, down 4.72%, with a turnover of HK$18.3047 million. According to the J.P. Morgan Chase Research Report, Yuandong Hongxin's profit for the 2023 fiscal year was 6.2 billion yuan, an increase of 1%, which was basically in line with its expectations. Revenue was weaker than expected, but it was offset by falling credit costs. According to the bank, the company's credit costs have been reduced with the support of the recovery of assets and industrial operations. Management said that although the macro outlook remains highly uncertain, they are more confident in controlling asset quality over the next 12 months, so they are releasing excess reserves (ex
FE HORIZON To Go Ex-Dividend On June 7th, 2024 With 0.5 HKD Dividend Per Share
March 13th - $FE HORIZON(03360.HK)$ is trading ex-dividend on June 7th, 2024. Shareholders of record on June 11th, 2024 will receive 0.5 HKD dividend per share on June 28th, 2024. The ex-dividend
Far East Horizon to Award Up to 259 Million Shares to Eligilble Grantees
Far East Horizon (HKG:3360) will award up to 258,908,151 restricted shares to eligible grantees under an award scheme, according to a Wednesday filing with the Hong Kong bourse. The shares up for awar
Far East Horizon's 2023 Profit Rises 1% as Revenue Climbs 4%
Far East Horizon's (HKG:3360) attributable profit rose 1.04% to 6.19 billion yuan in 2023 from 6.13 billion yuan in 2022, according to a Wednesday filing with the Hong Kong bourse. Earnings per share
Far East Horizon: Industrial Operations to Continue to Expand Overseas in Southeast Asia >3360.HK
Far East Horizon: Industrial Operations to Continue to Expand Overseas in Southeast Asia >3360.HK
Far East Horizon: Aim to Accelerate Strategic Upgrading and System Reform >3360.HK
Far East Horizon: Aim to Accelerate Strategic Upgrading and System Reform >3360.HK
Far East Horizon: Net Interest Margin 4.58% Vs. 4.67% >3360.HK
Far East Horizon: Net Interest Margin 4.58% Vs. 4.67% >3360.HK
Far East Horizon 2023 Rev CNY37.96B Vs. CNY36.59B >3360.HK
Far East Horizon 2023 Rev CNY37.96B Vs. CNY36.59B >3360.HK
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