Yangzijiang Financial Holdings (YZJFH) has delivered full year results which is within expectations. Summary

• Earnings per share of 8.6 cents
• Dividends of 3.45 cents
• Earnings was boosted by china government grant (1 SG cents) and no more credit allowance provisions in losses

Currently YZJFH trades at a share price of 56.5 cents or SGD$1.98 billion market cap. Earnings As said, YZJFH recorded SG$40mil in government grant, SG$30 mil in exchange rate gains. I am sure this will not be replicated in FY 2025. However, as the company's debt investment portfolio continues to decrease, we might see more reversal in credit allowance which is a "gain". This will offset government grant income. I expect YZJFH to log a 8 SG cents in annual earnings for FY2025. 02 reasons: first, its maritime investment business in Singapore is growing and second, the company will start reversing its credit allowance because its china debt investment is growing smaller....