Reported 7 months ago
FTNN News, June 14th, 2024, 8:13 am: Taiwan's major financial players, Cathay Financial Holdings (2882) and Fubon Financial Holdings (2881), both held their shareholder meetings today amidst the stock market hitting new highs. While Cathay Financial's General Manager Lee Chang-Keng attributes the market's momentum to AI and warns of potential market volatility due to high P/E ratios, Fubon Financial's Vice Chairman Tseng Ming-Tsung emphasizes the need to focus on fundamentals in the medium to long term. The executives also discuss the positive economic conditions in the US and Taiwan driven by technology, cautioning on inflation and exchange rate risks influencing insurance companies' hedging costs. Overall, both firms express optimism for a successful year despite the challenges ahead.
Source: YAHOO