Asia300

Mega Financial Holding Co., Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Dec 14, 2017
Prev close: 23.6
Dec 14, 2017
Market cap:
Market cap(USD):
320,955.84M
10,698.71M
Shares: 13,599.82M

Currency in TWD

Company profile

Market(Ticker): TAI(2886)
Sector:
Industry:
Finance
Financial Conglomerates
Full time employees: 8,122

Business summary

Mega Financial Holding Co., Ltd. engages in the management of investment business. The company operates through following segments: Banking, Securities, Bills Finance, Insurance and Other Businesses. Its products include financial holdings, banking, bills finance industry, credit card industry, trust industry, insurance, securities industry, futures, and venture capital investment. Mega Financial Holding 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 2016

  • Local currency
  • US Dollar
Revenue 80,175.52M
Gross profit --
Operating income 28,070.08M
Income before tax 27,688.11M
Net income 22,456.18M
EBITDA --
Diluted EPS 1.65
Dividends per share 1.42
Total assets 3,319.79B
Total liabilities 3,027.76B
Total equity 291,985.35M
Operating cash flow 106,705.44M

Currency in TWD

Revenue 2,486.00M
Gross profit --
Operating income 870.36M
Income before tax 858.52M
Net income 696.29M
EBITDA --
Diluted EPS 0.05
Dividends per share 0.04
Total assets 103,006.34M
Total liabilities 93,945.32M
Total equity 9,059.70M
Operating cash flow 3,308.61M

Currency in USD

Valuation measures

Dec 2016

PER 13.93
ROA 0.66%
ROE 7.67%
Operating margin 35.01%
Profit margin 28.00%

Key executive

  • President & Director: Li Yen Yang
  • Chief Compliance Officer: Hui-Lin Wu
  • Senior Vice President & Head-Treasury: Jui Ying Tsai
  • Chief Auditor: Tzong-Chi Hsu

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.(2.8%)
  • Cathay Life Insurance Co., Ltd. (Invt Port)(2.2%)
  • BlackRock Fund Advisors(1.9%)
  • Nan Shan Life Insurance Co., Ltd.(1.8%)
  • 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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