24/04/2020 - 14:17
VCI: Prop book drags 1Q20 earnings
HCM’s 1Q20 earnings declined -40.9% QoQ/ -41.5% YoY, largely due to unrealized mark-to-market proprietary trading losses. As a result, HCM has achieved 20% of our full-year earnings forecast.
24/04/2020 - 14:17
HCM’s 1Q20 earnings declined -40.9% QoQ/ -41.5% YoY, largely due to unrealized mark-to-market proprietary trading losses. As a result, HCM has achieved 20% of our full-year earnings forecast.