03360 FE HORIZON
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FE HORIZON News
J.P. Morgan sold 587.776 million common shares of Far East Hongxin (03360.HK) worth approximately HK$355 million
On May 9, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 9, JPMorgan Chase & Co. (JPMorgan Chase & Co.) sold $5,877.76 million common shares worth approximately HK$355 million on May 3 at an average market price of HK$6.0323 and an average OTC share price of HK$6.0178 per share. After the sale, J.P. Morgan Chase's latest shareholding was 192 million shares, and the good position ratio dropped from 5.80% to 4.44%. Additional Information: JP Morgan Chase & Co.
Yuandong Hongxin (03360.HK): Stable scale and improved quality
Revenue and profit increased, and profitability declined. The company achieved total revenue of 38 billion yuan in 2023, an increase of 3.8% year on year; in 2023, net profit attributable to common shareholders of the parent company was 6.2 billion yuan, an increase of 1.0% year on year
Yuandong Hongxin (03360) plans to declare a special dividend by physically allocating Hongxin Construction and Development (09930) shares
Yuandong Hongxin (03360) and Hongxin C&D (09930) jointly announced that the Yuandong Hongxin Board of Directors has reviewed and approved...
Yuandong Hongxin (03360.HK): For every 54 shares held, 10 Hongxin C&D shares will be distributed
Gelonghui, April 30丨Yuandong Hongxin (03360.HK) and Hongxin Construction and Development (09930.HK) jointly issued an announcement. The board of directors of Yuandong Hongxin has reviewed and approved a resolution proposing to declare a special dividend by physically distributing Hongxin shares to Yuandong Hongxin shareholders listed on the record date to distribute no more than 799,311,000 shares according to their respective shareholding ratios in Yuandong Hongxin and according to the following criteria. Submitted to Yuandong Hongxin shareholders for further review: 54 shares for each held Yuandong Hongxin Co., Ltd. can be issued 1
遠東宏信建議以實物分派宏信建發股份的方式宣派特別股息及記錄日期及暫停辦理遠東宏信股份過戶登記手續
遠東宏信：董事局會議召開日期及建議宣派特別股息
Far East Horizon to Issue $500 Million of Notes
Far East Horizon (HKG:3360) will issue $500 million in notes under its $4 billion medium-term notes program, according to a Tuesday filing on the Hong Kong bourse. The notes will carry a 6.625% coupon
Yuandong Hongxin (03360) withdraws US$500 million medium-term notes under the medium-term notes and perpetual securities plan
According to Zhitong Finance App, Yuandong Hongxin (03360) issued an announcement. On April 9, 2024, the company signed a subscription agreement with the joint lead manager to withdraw according to the plan (the company's US$4 billion medium-term notes and perpetual securities plan), and to sell and issue withdrawal notes with a total face value of US$500 million on April 16, 2024. Withdrawal notes are exempt from registration requirements under the Securities Law. Withdrawal notes are denominated in dollars. According to Standard & Poor's, withdrawal notes are expected to be rated BBB-. This rating of a withdrawal note does not constitute a recommendation to buy, sell, or hold a withdrawal note, and Standard & General
Yuandong Hongxin (03360)'s first quarter revenue and profit attributable to shareholders declined year-on-year
Yuandong Hongxin (03360) issued an announcement. Entering 2024, the group will prioritize safe and steady operation, and strengthen...
Yuandong Hongxin (3360.HK): Leading leasing company crosses the bull and bear high dividend characteristics
Ping An's view: Yuandong Hongxin built two major business segments of “finance+industry” based on leasing and leasing. The revenue contributions of the financial division and industrial division in 2023 were 61% and 39% respectively. Among them, the financial division mainly focused on financial leasing and received
Yuandong Hongxin issued US$500 million senior bonds with a coupon rate of 6.625%, and the final subscription exceeded 5.7 times
Far East Horizon Limited (Far East Horizon Limited, “Far East Hongxin”, 03360.HK, S&P: BBB-Stable) issues Reg S, 3-year, senior unsecured bonds denominated in US dollars. ()
Yuandong Hongxin (03360.HK) issues US$500 million senior bonds with a coupon rate of 6.625%
Far East Horizon Limited (“Far East Horizon Limited,” “Far East Hongxin” 03360.HK S&P: BBB- Stable) issues Reg S, 3-year, senior unsecured bonds denominated in US dollars. ()
Yuandong Hongxin (03360.HK) plans to issue a 3-year senior US dollar bond with the final guide price CT3+215bps
Far East Horizon Limited (“Far East Horizon Limited,” “Far East Hongxin” 03360.HK S&P: BBB- Stable) plans to issue Reg S, 3-year, senior unsecured bonds denominated in US dollars. (FPG)
S&P: To Yuandong Hongxin (03360.HK) to issue US dollar advanced unsecured notes with a “BBB-” long-term issuance rating
On April 9, S&P awarded Far East Horizon Ltd. (“Far East Horizon Ltd.” 03360.HKBBB-/stable/A-3) a long-term issuance rating of “BBB-” for the proposed issuance of US dollar senior unsecured notes. The proposed notes will be issued in accordance with Yuandong Hongxin's US$4 billion medium-term note plan. The issuance rating is based on S&P's review of the final release document.
Yuandong Hongxin (03360.HK) plans to issue 3-year senior US dollar bonds with initial guide price CT3+250bps region
Far East Horizon Limited (“Far East Horizon Limited,” “Far East Hongxin” 03360.HK S&P: BBB- Stable) plans to issue Reg S, 3-year, senior unsecured bonds denominated in US dollars. (IPG)
Yuandong Hongxin (03360.HK) plans to issue senior US dollar bonds to hold an investor conference call starting today
Far East Horizon Limited (Far East Horizon Limited, “Far East Hongxin” 03360.HK S&P: BBB- Stable) plans to issue Reg S, senior unsecured bonds denominated in US dollars. ()
FE HORIZON: Annual Report 2023
Analysts Offer Insights on Financial Companies: Far East Horizon Limited (HK:3360), ING GROEP (GB:0RIC) and GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh (AU:GQG)
Bank Rating | J.P. Morgan Chase: Lowering Far East Hongxin's target price to HK$8.9 and lowering profit estimates for 2024 and 25
Glonghui, March 18 | J.P. Morgan Chase released a report saying that Far East Hongxin's performance in 2023 was basically in line with the bank's expectations, mainly due to falling credit costs, which offset weaker revenue momentum than expected. The bank reduced the company's earnings estimates for 2024 and 2025 by 3% and 11%, respectively, due to factors such as the slowdown in the growth of the company's investment portfolio and the widening contraction in expenses and revenue. However, the target price was lowered from HK$9.4 to HK$8.9, taking into account the company's efforts to improve shareholder returns and maintain an “increase in holdings” rating. J.P. Morgan also said that although the current macro outlook is still highly uncertain,
Yuandong Hongxin (03360.HK): Weakening urban public investment and striving for steady progress in various indicators
Yuandong Hongxin released its 2023 annual report. Operating revenue for 2023 was 37.960 billion yuan, a slight increase of 3.76% year on year, and net profit to mother was 6.193 billion yuan, up 1.04% year on year. Financial Advisory Division: Interest-bearing Assets
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