东亚银行午后重挫逾13% 去年纯利同比下跌24% 全年派息降11.6%

Core Viewpoint - East Asia Bank (00023) experienced a significant decline of over 13% in its stock price, attributed to disappointing financial results and a cautious outlook on commercial real estate exposure [1] Financial Performance - The bank reported an annual operating income of HKD 21.019 billion, reflecting a year-on-year increase of 0.2% [1] - Net profit for the year was HKD 3.501 billion, representing a year-on-year decrease of 24% [1] - Earnings per share stood at HKD 1.22 [1] Dividend Distribution - The second interim dividend was declared at HKD 0.22 per share, a decline of 42.1% compared to HKD 0.38 per share in the same period last year [1] - The total annual dividend was set at HKD 0.61, down 11.6% from HKD 0.69 in the previous fiscal year [1] Provisioning and Asset Valuation - The bank continues to proactively and prudently make provisions for its exposure to commercial real estate [1] - 77% of the provisions for the year are related to commercial real estate in Hong Kong and mainland China [1] - The valuation of the bank's investment property portfolio was adjusted downwards by HKD 723 million [1] Losses from Joint Ventures - The bank recorded a loss of HKD 305 million from its share of joint ventures and associates, primarily due to losses from a mainland joint venture [1]