China and Hong Kong stocks fell on Monday, as regulators’ support measures and a fresh cut in the benchmark lending rate disappointed, even as listed firms and fund managers rushed to unveil share purchases. Shanghai’s blue-chip index and Hong Kong’s Hang Seng Index both dropped to nine-month lows, underwhelmed by a package of measures China’s […]
Day: September 12, 2023
Max Financial Services: Optimistic outlookMax Financial Services: Optimistic outlook
Max Life reported robust 1QFY24 results, with a noteworthy 10% y-o-y growth in APE, reflecting an impressive 3-year CAGR of 19%. This accomplishment is particularly noteworthy given the typically subdued performance in this quarter. Additionally, VNB margins experienced a remarkable 110 bps increase y-o-y, reaching 22.2% in Q1FY24, largely driven by a favourable shift in […]