FANHUA Expected To Recognize An Unrealized Investment Gain Of ~$22.5M In 3Q23
Portfolio Pulse from Benzinga Newsdesk
FANHUA is expected to recognize an unrealized investment gain of approximately $22.5 million in Q3 2023, following the recent listing of a company in which it owns 2.8% equity. This gain is expected to significantly increase the company's net income attributable to shareholders for Q3 2023. The company's full-year guidance of no less than 50% YoY increase in operating income in 2023 remains unchanged.
October 25, 2023 | 7:16 am
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FANHUA's unrealized investment gain of $22.5 million in Q3 2023 is expected to significantly boost its net income. The company's full-year guidance of no less than 50% YoY increase in operating income in 2023 remains unchanged.
The news of FANHUA's expected unrealized investment gain of $22.5 million in Q3 2023 is directly related to the company's financial performance and is likely to positively impact its stock price in the short term. The reaffirmation of the company's full-year guidance of no less than 50% YoY increase in operating income in 2023 also provides positive signals to the market about the company's future performance.
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