Chailease Posts First-Quarter EPS of NT$3.26, Maintains 2024 Growth Target on ASEAN Momentum
Chailease Holding’s core businesses span corporate financing, leasing and installment services across Taiwan, mainland China and ASEAN markets. More conservative lending strategies in Taiwan and mainland China weighed on asset growth in the first quarter of 2024. However, an improved cost-to-income ratio and continued ASEAN expansion provided key support for earnings.
Chailease reported first-quarter 2024 net profit of NT$5.572 billion and earnings per share of NT$3.26, with profit from ASEAN markets rising 18% from a year earlier. Chairman Fong-Long Chen said lending momentum in Taiwan and mainland China had temporarily slowed, but the company expected operations to recover in subsequent quarters and maintained its full-year 2024 asset-growth target.
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The history behind this eventChailease Holding’s Two-Month Profit Rises 3% to NT$3.39 Billion, EPS Reaches NT$1.98
Chailease Holding’s core businesses include leasing, installment financing and corporate lending, with operations spanning Taiwan, China and ASEAN markets. Its earnings for the first two months of the year provide an important gauge of asset quality, credit risk and regional growth momentum. Changes in credit impairment are particularly significant because they directly affect the stability of financial firms’ earnings.
Chailease Holding said its self-reported consolidated net profit after tax totaled NT$1.54 billion in February, bringing the figure for the first two months to NT$3.39 billion, up 3% from a year earlier. Earnings per share were NT$1.98. The growth was mainly driven by lower expected credit impairment losses and a slight decline in the cost-to-income ratio. Profit in ASEAN markets rose 26% year on year, the strongest increase among its regions.
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