[Brokerage Focus] HTSC gives FE HORIZON (03360) an initial 'Buy' rating, indicating its ROE may stabilize and recover.

Jingwu Financial News | HTSC's research report indicates that FE HORIZON (03360) is the leader in domestic financing leasing, focusing on Industry Operation as well. Financing leasing is the main Business, contributing about 60% of revenue and 80% of profit in the first half of 2024, with a resilient interest margin that has been maintained at 4.4-4.7% since 2022. The stabilization and improvement of the macro environment is expected to drive the growth of interest-earning asset scale. In the long term, the penetration rate and concentration of China's leasing industry are expected to continue to rise, with interest-earning asset year-on-year changes projected at -1.0%/3.0%/2.0% for 2024/2025/2026. Considering the profit elasticity from operational leverage, the bank expects asset scale growth to strongly support this.

King Wu Financial NewsDec 17 14:58 · Ratings

FE HORIZON (3360HK): A leading player in finance leasing, with potential ROE recovery in a pro-cyclical environment.

FE HORIZON is a leading player in domestic financing leasing, while also focusing on Operation. Despite a cautious approach resulting in a contraction of interest-earning asset scale and some short-term factors causing the annualized ROE for the first half of 2024 to drop to 8.5% (2023: 13%), it is believed that the company

HTSCDec 16 00:00

Fe Horizon (03360.HK): Review of 9M24 operating highlights: Slight profit pressure, stable interest spread, steady expansion of Jianfa equipment scale.

Event: fe horizon disclosed the operating overview for the third quarter of 2024. In 9M24, fe horizon's revenue decreased slightly year-on-year, with a net income decline similar to the mid-term (1H24 year-on-year -32%). The financial business is steadily progressing, interest-bearing assets.

Fangzheng SecuritiesOct 24 07:42

Far East Horizon's Attributable Profit Continues to Fall in Nine-Month Period

MT NewswiresOct 22 15:59

fe horizon (03360.HK) third-quarter profit decline is consistent with the mid-term fundamentals.

Fe Horizon (03360.HK) announced its third quarter results, with a slight year-on-year decrease in revenue, and the decline in attributable profit to shareholders is consistent with the mid-term. As of September, the exchange rate hedging measures remain effective, and the liquidity situation continues to be sufficient and good.

AASTOCKSOct 21 22:54

fe horizon (03360.HK) will always adhere to the development strategy of "finance + industry".

On October 21, Geelong Hui fe horizon (03360.HK) announced that since 2024, the Group has adhered to a safe and stable operational strategy, focusing on enhancing shareholder returns, and the overall operation situation is generally stable. As of September 30, 2024, compared to the same period last year, the Group's revenue slightly decreased, and the decrease in net profit attributable to ordinary shareholders was basically consistent with the mid-term. Financial business: The financial leasing business is progressing steadily, with orderly placement of interest-bearing assets during the review period, the total amount of interest-bearing assets at the end of the period slightly decreased compared to the end of 2023, and the interest spread was basically stable compared to the end of 2023. Asset quality is stable, with a balance of non-performing assets being maintained.

Gelonghui FinanceOct 21 18:52