Attention stock depositors, the latest estimates of annual dividends and yield rates for 14 financial holding companies in 2024 are now available. Gold Development (2883) has the highest yield of 6.52%, followed by South China Gold at 5.42% and a sudden increase for CITIC Gold (2891) to 5.38%. However, it’s important to note that some companies may have to recognize investment losses in their previous year’s accounts, potentially affecting dividend distribution. Experts suggest prioritizing bank guarantees and financial payments to take advantage of the low end plan.
The financial holdings industry is reaching peak season for legal negotiations and hopes are high for improved dividends next year. However, experts warn against being overly optimistic about profit growth, cautioning potential profit reductions and the impact of the upcoming IFRS17 communiqué within the life insurance industry.
Additionally, it’s important to consider the potential impact on dividends for companies such as Cathay Gold and Development Gold, and to focus on more secure investment targets such as banks, securities, and government-owned bank financial holdings.
Ultimately, while the financial stock market offers opportunities to fight inflation and achieve higher yields compared to time deposits, it’s essential to understand the complexity of the industry and to approach investment with caution.
The 6 million financial stock depositors are coming here! The latest estimates of annual dividends and yield rates for 14 financial holding companies in 2024 are released. According to the trial calculation of the closing price of the legal person on the 17th, the current dividend yield is 6.52% for Gold Development (2883), the second highest is 5.42% for South China Gold. CITIC Gold has (2891) a sudden increase of 5% in one week, and the yield has dropped to third place at 5.38% However, experts also remind that some companies must hold financial life insurance, such as Development Capital and Cathay Financial Holding (2882), recognize the investment first. losses on their accounts in the previous year as retained earnings, which may affect the final dividend distribution. , If you want to take advantage of the low end plan, priority should be given to bank guarantees and financial payments.
Extended reading: Chart showing profit reshuffle of 14 financial holding companies in October, with only one company, Shin Kong Financial, losing money
The 6 million stock deposit group is coming here! Looking at the table of 14 gold holding companies, this 6.5% yield is estimated to be the highest. Photo/taken from Getty Images (Yiu Yu Hoi via Getty Images)
Financial holdings are reaching peak season for legal negotiations one after the other, including general managers and senior executives of many financial holdings such as CITIC Financial Holdings, SinoPac Financial Holdings, Taishin Financial Holdings, Fubon Financial Holdings, and Huanan Financial Holdings . hopefully next year’s dividends will have a chance of being better than this year’s. Uni-President Investment Consulting believes that judging from the profit of financial payments in the first ten months of this year, which is about 360 billion yuan, there is a chance that the profit for the whole year will be 380 billion to 400 billion yuan, which is three times higher than the 283.2 billion yuan in 2022. ~40% more.
Huang Wenqing, vice president of Taishin Investment Trust, said that the profit of financial holdings has rebounded significantly this year. Financial institutions have experienced the once-in-a-century exchange transaction SWAP, which has grown significantly. The stock market is good , and securities-related profits have also grown significantly Financial holdings are going well this year After the impact of the epidemic, normality will return next year, and dividends will be better than this year. The stock price is still be undervalued. At the moment, investment payments are not a big problem.
Amid promising dividend themes brewing, Jin Holdings’ stock price recovered significantly last week. CITIC Gold (2891) originally estimated that the dividend yield next year would be higher than that of South China Gold (2880) However, after Fa said he was optimistic about next year’s dividend, foreign investors came in to the market and bought the stock heavily. price rose more than 5% from week to month, temporarily putting the product in second place.Third, development gold rose almost 4.37% last week, the second highest increase among the general financial holdings.
So next year, is there a chance that Financial Holdings profits will grow by more than 30%? Experts warn you may not be so optimistic!
As the time comes to the end of the year and only two months remain, many financial depositors have started to “do their homework” and try to calculate the dividends and dividend yields that can be distributed by different financial holding companies, trying to beat the 3% inflation and fixed deposits are a stable long-term investment with low interest rates.
If we estimate full year earnings per share based on a 10% reduction in profit growth in the first ten months of this year, and then estimate based on the pre-epidemic dividend distribution rate in 2021, the “dividend king” of the year next It can be Fubon Gold (2881), with an allocation of The highest possible dividend is 2.7 yuan. Fubon Gold’s highest dividend in history was 4 yuan, and last year it was 2 yuan.
Second, Cathay Gold also has the opportunity to allocate shares at a price of 2 yuan. Last year, Cathay Gold relied on its capital reserve to allocate a dividend of 0.9 yuan, however, the Financial Supervisory Commission will limit the reserve allocation next year. Cathay Gold earned 65.2 billion yuan in the first ten months, and banks accounted for 278 billion, life insurance accounted for 33.3 billion yuan, but there are still 140 billion yuan of unrealized losses on the investment account in the first half of the year, retained earnings of 480 billion yuan, and a distributable surplus of about 121.9 billion yuan. How many dividends can subsidiaries pay to Financial Holdings? This Friday’s Dharma conference will attract a lot of attention.
Mega Gold (2886) may also have a chance to pay a dividend of NT$2 next year. As a leader in official stocks, dividends contribute to the national treasury. In the past, the distribution rate has always been as high as 80~85 % Last year, it distributed even 100% of the dividend, with a distribution of 1.24 per share.. Yuan, this year’s profit is even better. During the first ten months, it’ r profit per share has been more than 2 yuan. The legal person estimates that next year’s rights issue will be around 1.9 to 2 yuan. Other stocks with dividends greater than 1 yuan include CITIC Gold, Yuanta Gold, First Gold, Huanan Gold, and Yushan Gold, all of which have opportunities.
To be able to fight inflation, cheap prices are also a big incentive. In general, financial stock depositors like to compare the dividend yield rate with time deposits and inflation. If it is calculated based on last Friday’s closing price, one share of Gold Development is less than 12 yuan, with the rate highest yield of 6.5%, followed by South China Gold, 5.42% and 5.38% CITIC Gold was the highest, Sino-Fung Gold (2890) and Yuan Dai Gold (2885) also had shares over 5%.
However, experts also remind us to pay attention to the fact that priority must be given to the retained earnings of life insurance financial payments to compensate for the uncompensated losses in last year’s investment positions. They may not be able to allot shares, and they must also in accordance with IFRS Bulletin 17 to retain profits, etc. Banks, securities and financial payments are the first choice for investment.
Li Fangguo: First the financial holdings of life insurance must compensate for losses. Cathay Pacific’s dividends and development capital may not be as impressive as profits.
Li Fangguo, chairman of Uni-President Investment Consulting, also said that the life insurance industry last year faced a storm of epidemic prevention insurance claims and bond investment losses, but they have not yet raised the dividend in full. When allocating dividends next year , they first must be deducted from distributable earnings Therefore, companies such as Cathay Pacific Although the profits of holding financial life insurance companies such as China Gold, Development Gold, and Shin Kong Gold have rebounded or look impressive, some may not have much of dividends or The yield rate appears to be very cheap, but has not been officially announced yet, caution is recommended Financial payments with banks and securities as the main body are better targets.
Huang Wenqing reminds: The profit of next year’s financial payments will not be as conservative as this year’s financial payments according to the 17th Communiqué
Huang Wenqing reminded that next year’s (2024) financial holding profit should not be as high as this year In addition, the life insurance industry is about to face the IFRS17 communiqué, the accounting devil. Meanwhile, the high interest rate policies in hand in previous years are listed as liabilities, and more reserves will be required This will also affect the company’s decision on whether to distribute all profits, and there are many variables when calculating dividends from life insurance stocks. Huang Wenqing believes that if financial depositors want to make arrangements, it is safer to use banks, securities financial holdings or government-owned bank financial holdings. However, he also believes that unless there are major changes in the financial industry, it will not be good for a year or two at most. Even if the natural growth is low, it is still an investment target fixed In addition, the recent sharp drop in US bond yields has benefited the performance of the bond market, so it will not be known until the end of the year whether it is really impossible to allocate shares.
It is understood although tentatively estimated that the dividend yield is as high as 6.5%. However, the current unrealized loss from other equity items in the financial report of the Development Bank in the first half of the year was 49.2 billion yuan, Although the loss of 73.8 billion yuan at the end of last year has rebounded by almost 25 billion yuan, there is a chance that the third quarter will continue to improve, and the retained earnings in the first half of the year was 75.4 billion yuan, which will also continue to rise Although it made 18.8 billion yuan in the first ten months , with 16.8 billion shares issued, if it allocates 0.8 yuan, it will cost 13.4 billion yuan in cash Can it be distributed? I’m afraid it will take the third season to clarify the doubts further.
Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media From the Web1.0 bubble in 2000 to Meta Yuanverse Web3.0, he has seen the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and everywhere, no matter how difficult financial information is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money won’t worry about you.
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