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UOB KayHian 4Q earnings down by nearly half as investor sentiment turns cautious

PC Lee
PC Lee2/28/2019 05:40 PM GMT+08  • 2 min read
UOB KayHian 4Q earnings down by nearly half as investor sentiment turns cautious
SINGAPORE (Feb 28): UOB KayHian has reported 4Q earnings of $11.3 million, down 48.9% from a year ago.
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SINGAPORE (Feb 28): UOB KayHian has reported 4Q earnings of $11.3 million, down 48.9% from a year ago.

The securities brokerage says trading volumes across regional markets where it operates started the year strongly but investor sentiment turned cautious in the second half of the year, especially in the last quarter arising from trade tensions and rising interest rate environment.

Group full-year pre-tax profit decreased 4.1% to $86.4 million and after tax profit decreased slightly by 2.2% to $75.8 million.

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