Reported 7 months ago
Cathay Financial Holdings held a shareholders' meeting on the 14th where a dividend of 2 yuan per share was approved, marking its best performance in 11 years. Chairman Tsai Hong-tu expressed expectations of sustained high interest rates in the second half of the year, with the company aiming for good financial results by investing cautiously and flexibly. The company's financial performance for May 2024 already surpassed the previous full-year levels, with an increased profit of 2.5 times. Tsai thanked shareholders and discussed economic conditions, inflation, interest rates, and the company's investment strategies.
Source: YAHOO