Reported 9 months ago
Yuanta Jin-ding Securities held a shareholders' meeting on June 27, 2024, with Chairman Zhou Xiuzhen and General Manager Li Wenzhu presiding. General Manager Li Wenzhu stated that Yuanta Securities has been working to improve its market share, moving up from seventh place in 2023 to sixth place and aiming to enter the top five securities firms. Looking ahead to the second half of 2024, the stock market is expected to continue trending upwards, but factors like a Fed rate cut, the U.S. presidential election, and geopolitical risks should be monitored. The shareholders' meeting approved the 2023 financial statements and a significant increase in cash dividends to NT$1.33 per share. Yuanta Securities plans to maximize profit distribution in 2023 and aims for stronger dividend performance in 2024. The company also passed amendments to the articles of incorporation to apply for engaging in futures trading. Yuanta Securities' main profits come from brokerage and proprietary trading, with brokerage activities benefiting from the high trading volume and client borrowing interest income reaching a new high of nearly NT$100 billion. Market sentiment is expected to support cash capital increases in 2024, and despite potential market fluctuations, geopolitical risks and other uncertainties, ETF purchases could boost company profits later in the year.
Source: YAHOO