As the Fed's interest-rate hikes and the widening spread between New Taiwan dollar and the U.S. dollar continue to lead to a higher hedging cost, CDF and its subsidiaries’ businesses demonstrated stable performance in the month of February. China Life’s after-tax profit in February was 208 million and after-tax loss for the first two months was NT$ 583 million. KGI Securities benefited from a strong performance in the Taiwan stock market last month which resulted in an after-tax profit in February of NT$571 million and an after-tax profit for the first two months of NT$1.24 billion. KGI Bank continued to grow steadily driven by contributions from interest and fee income. KGI Bank’s after-tax profit in February was NT$ 498 million and after-tax profit for the first two months was NT$1.00 billion. CDIB Capital Group was affected by both domestic and global market fluctuations which resulted in a mixed evaluation of its investment positions. CDIB Capital Group’s after-tax profit in February was NT$ 62 million and after-tax profit for the first two months was NT$603 million.
CDF stated that the U.S. economic data indicators still show signs of overheating. The market will focus on the U.S. Fed policy and the impact of continued interest rate hikes on global economic growth. In the face of economic situation and fluctuations, CDF will continue to enhance risk control mechanism to mitigate operational risks and focus on core strategies to maintain long-term stable business development.