Asia300

Mega Financial Holding Co., Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 24.1
Mar 24, 2017
Market cap:
Market cap(USD):
327,756M
10,753.1M
Shares: 13,599.8M

Currency in TWD

Company profile

Market(Ticker): TAI(2886)
Sector:
Industry:
Finance
Financial Conglomerates
Full time employees: 8,418

Business summary

Mega Financial Holding Co., Ltd. engages in the management of investment business. its products include financial holdings, banking, bills finance industry, credit card industry, trust industry, insurance, securities industry, futures, and venture capital investment, The company was founded on February 4, 2002 and is headquartered in Taipei, Taiwan.

Company background

Government-controlled Mega Financial Holding was founded in 2002 after the merger of International Commercial Bank of China and Bank of Communications, two of Taiwan's longest-standing financial institutions. The Taiwanese government was at the time encouraging local financial institutions to incorporate their various services into holding companies to scale up their operations and become more efficient and competitive.

To this day, Mega still plays an important role in Taiwan's financial market. It is a key foreign currency supplier and a major currency trader for Taiwan's central bank. It relies on banking for most of its profits. Like other Taiwanese financial services companies, Mega has been expanding across the region.

Mega Chairman Mckinney Tsai holds a master's degree from the department of public finance at Taiwan's prestigious National Chengchi University. Previously he was the executive vice president of Bank of Communications, and he also served in various roles in the public sector. He once served as deputy director general of the bureau of monetary affairs under the Ministry of Finance.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 83,706.16M
Gross profit --
Operating income 34,830.93M
Income before tax 34,864.01M
Net income 29,417.21M
EBITDA --
Diluted EPS 2.35
Dividends per share 1.5
Total assets 3,398.51B
Total liabilities 3,105.06B
Total equity 293,404.07M
Operating cash flow 53,347.51M

Currency in TWD

Revenue 2,636.07M
Gross profit --
Operating income 1,096.89M
Income before tax 1,097.93M
Net income 926.40M
EBITDA --
Diluted EPS 0.07
Dividends per share 0.04
Total assets 103,465.10M
Total liabilities 94,531.09M
Total equity 8,932.44M
Operating cash flow 1,680.02M

Currency in USD

Valuation measures

Dec 2015

PER 9.04
ROA 0.88%
ROE 10.61%
Operating margin 41.61%
Profit margin 35.14%

Key executive

  • President: Bruce L. Y. Yang
  • Head-Finance & Accounting, Deputy Spokesman: Jui Ying Tsai

Share holders

  • Government of Taiwan(14.3%)
  • National Development Fund of The Executive Yuan(6.1%)
  • Fubon Life Insurance Co., Ltd.(3.4%)
  • The Vanguard Group, Inc.(2.5%)
  • Cathay Life Insurance Co., Ltd. (Invt Port)(2.2%)
  • Nan Shan Life Insurance Co., Ltd.(1.8%)
  • BlackRock Fund Advisors(1.5%)
  • China Life Insurance Co., Ltd. (Invt Port)(1.5%)
  • GIC Pte Ltd. (Investment Management)(1.4%)
  • Dimensional Fund Advisors LP(1.4%)

Address

  • Website: http://www.megaholdings.com.tw
  • Address: 14-17/F, No. 123 Jhongsiao East Road, Taipei, 10058, Taiwan
  • Phone: +886.2.2357.8888

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