GUOTAI JUNAN INTERNATIONAL UNVEILS 2019 ANNUAL RESULTS, ACHIEVES HISTORIC HIGH

KUALA LUMPUR, March 23 -- Guotai Junan International Holdings Limited (Guotai Junan International) has announced its annual results for the year ended  Dec 31, 2019 (the Year), achieving a historic high and an increase by 40 per cent Year over Year (YOY).

Benefitting from good performance in debt capital markets, equity capital markets, brokerage, asset management, fixed income market making and investment, the Group recorded a total revenue of HKD4,246 million approximately, during the Year. (HKD100 = RM57.26) 

According to a statement, the profit attributable to shareholders amounted to HKD895 million, representing a YOY growth of approximately 12 per cent.

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The Board recommended that the payout ratio rise to 57 per cent with an annual dividend of HKD0.062 per share (Final Dividend of HKD0.02 per share), where total dividends increased by 27 per cent YOY during 2019 the Year.

While the Group’s total revenue of 2019 reached record high again, the revenue structure has become more balanced. During the Year, the fee and commission income, interest income and investment income accounted for 33 per cent, 36 per cent and 31 per cent of the total revenue, respectively.

At 2019-end, the Group completed the strategic investment acquisition of Vietnam Investment Securities Company (IVS). In this transaction, the Company subscribed for IVS new shares at the price which was close to its net assets and became its substantial shareholder.

Guotai Junan International is the market leader and first mover for internationalisation of Chinese Securities Company. More details at http://www.gtjai.com.

-- BERNAMA