First financial holding company
H1 2022 profit result
August 31, 2022
This presentation is provided by First Financial Holding Co., Ltd. (“FFHC”). information
contained in is not reviewed or reviewed by an independent accountant or third party. Users should read this document in conjunction with all other public financial and operational information filed with the relevant authorities by FFHC. While we strive to provide accurate, complete and consistent information, FFHC makes no warranty as to the accuracy or correctness of any material contained. After the release of this presentation to the public, we assume no obligation to update the relevant data to reflect any subsequent changes.
Users should also note that this presentation may contain forward-looking statements. Statements that are not historical facts, including statements relating to the implementation of strategic initiatives, future business development and economic performance, are forward-looking statements. By their nature, forward-looking statements involve uncertainties, risks, assumptions and other factors that could cause actual developments and results to differ materially from our statement in this presentation. These factors include, but are not limited to, regulatory developments, competitive conditions, technological developments, general economic conditions and changes in management.
The information, statements or opinions contained in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or a solicitation of an offer to buy securities or financial instruments or an advice or recommendation. concerning these securities or other financial instruments. First Group and all of its affiliated representatives, however negligent or otherwise, shall not be liable for any loss or damage resulting from the use or interpretation by others of the information contained in this presentation or from any questions related to this document.
- In short
- Financial Highlight
- Operating results
Remained calm amid market turmoil
- The Group achieved a stable result despite market turbulence in 2Q:
1H22 earnings remained subdued to total NT$10,236 million (-6.2%, YoY) as the market retreated on concerns over the outlook for 2Q22. Rising global rates to suppress runaway inflation created economic headwinds.
- The bank’s earnings increased by +6.7% (year-on-year), largely supported by strong loan growth and the expansion of the NIM:
Bank loans increased by +11.2% (year-on-year) and benefited from the recovery in loan demand across all sectors. Accelerating property deliveries in 2Q22 led to double-digit growth in mortgages, expected to experience some hesitation due to the effect of rising rates.
- Non bankingnet subsidiaries pulled out year-over-year due to high base numbers:
Broker & Life’s net was clouded in 1H22 as market turmoil and escalating risk reduced investment gains.
- Proactive in the second half of 2022:
Exploiting opportunities and remaining proactive is essential to react to the new cycle for a more sustainable growth momentum.
First Financial Holding Co. Ltd. published this content on August 31, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on August 31, 2022 07:19:01 UTC.
Public now 2022
Trends in Technical Analysis FIRST FINANCIAL HOLDING CO., LTD.
|Short term||Middle term||Long term|
Evolution of the income statement
|Number of analysts||8|
|Last closing price||TWD26.35|
|Average target price||TWD27.15|
|Average Spread / Target||3.04%|