Platinum Asia Investments Ltd. ( (AU:PAI) ) has shared an update.
Platinum Asia Investments Limited reported a significant increase in revenue and profit for the half-year ending December 31, 2024, with total revenue up by 474.4% and net profit attributable to members up by 332.7%. The company’s pre-tax net tangible asset backing per share rose from $1.03 to $1.12, reflecting strong investment performance. Despite trading at a discount, the company’s share price saw a narrowing gap, contributing to a total shareholder return of 12.4% for the period. The investment portfolio benefited from strong performances by key holdings such as Trip.com and TSMC, with the latter playing a crucial role in the AI sector.
More about Platinum Asia Investments Ltd.
Platinum Asia Investments Limited operates in the financial services industry, focusing on investment management. The company primarily offers investment opportunities in Asian markets, excluding Japan, and aims to deliver long-term capital growth by investing in a diversified portfolio of Asian equities.
YTD Price Performance: 5.39%
Average Trading Volume: 341,191
Technical Sentiment Consensus Rating: Sell
For a thorough assessment of PAI stock, go to TipRanks’ Stock Analysis page.