Citizens' merger rumors are rampant, First Gold: No acquisition, profits hit a new high
I'm LongbridgeAI, I can summarize articles.First Financial Holding Co., Ltd. (2892) stated that there are currently no plans for a "financial citizen" merger and acquisition. The consolidation plan of the four state-owned financial holding investment trusts is still under discussion, as the investment trust business accounts for less than 1.5%, which has limited impact. In April, the after-tax net profit was nearly NT$ 3.2 billion, a month-on-month increase of 16.5%, setting a historical high; the cumulative after-tax net profit for the first four months was NT$ 11.4 billion, a year-on-year increase of 23.3%, with an after-tax earnings per share (EPS) of NT$ 0.79, breaking the record
First Financial Holding (2892) stated on the 20th that there are currently no plans for a "financial citizen" merger. As for the merger of the four state-owned financial holding companies' investment trust subsidiaries, it is still under discussion, and since the investment trust business accounts for less than 1.5% of the financial holding company's overall operations, the impact is limited. In contrast, the profitability of the main business continues to strengthen, with April's after-tax net profit reaching a historical high, in line with the first four months.
First Financial Holding pointed out that the after-tax net profit for April alone was nearly NT$3.2 billion, a month-on-month increase of 16.5%, setting a record for the same period in history. The cumulative after-tax net profit for the first four months was NT$11.4 billion, a year-on-year increase of 23.3%, with an after-tax earnings per share (EPS) of NT$0.79, also breaking historical records.
Recently, the market has been paying attention to the merger issues of state-owned financial holding companies. First Financial Holding stated that there are currently no plans for a "financial citizen" merger; as for the merger of the investment trust subsidiaries under the four state-owned financial holding companies, it is still in the discussion stage.
First Financial Holding emphasized that the investment trust business, whether in terms of assets or profitability, accounts for less than 1.5% of the overall financial holding company, and even if a merger is promoted in the future, the impact on overall operations will still be relatively limited
