Cathay Financial traded at 91.80 this Wednesday June 3rd, increasing 2.60 or 2.91 percent since the previous trading session. Looking back, over the last four weeks, Cathay Financial gained 20.47 percent. Over the last 12 months, its price rose by 43.66 percent. Looking ahead, we forecast Cathay Financial to be priced at 82.61 by the end of this quarter and at 73.98 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cathay Financial Holding Co Ltd is a Taiwan-based financial holding company principally engaged in the investment and the management of investment business. The Company operates through five business segments. The Banking Business segment is mainly engaged in the banking, foreign exchange, guarantee, foreign exchange investment, trust and offshore financial businesses. The Life Insurance Business segment is principally engaged in the sales of traditional, investment and interest rate variable annuities and various insurance products, as well as provision of financial planning services. The Property Insurance Business segment is mainly engaged in the fire insurance, marine insurance, land and air insurance, guarantee insurance and reinsurance. The Securities Business segment is mainly engaged in the securities brokerage, self-employed and underwriting businesses, as well as provision of related financial services. The Others segment is mainly engaged in other assets and others.