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CMBC Capital Holdings Limited ( (HK:1141) ) has issued an update.
CMBC Capital Holdings Limited has announced a positive profit alert, expecting a consolidated net profit of approximately HK$45 million to HK$55 million for the year ended December 31, 2024, compared to a net loss of HK$572 million the previous year. This turnaround is attributed to increased investment gains, changes in fair value of investments, and a rise in revenue from investment banking fee-based services, alongside a significant decrease in expected credit losses on bond investments and loans.
More about CMBC Capital Holdings Limited
CMBC Capital Holdings Limited, incorporated in Bermuda, operates within the financial services industry with a focus on investment banking and related financial services. The company is listed on the Hong Kong Stock Exchange and is involved in investment management and advisory services.
YTD Price Performance: -41.67%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €42.77M
See more insights into 1141 stock on TipRanks’ Stock Analysis page.