J P M O R G A N Asia Pacific Equity Research 26 August 2026 Sinopac Financial Holdings 1H26 results in line, better PPOP momentum offset by higher credit costs Asia Financials Sinopac's 1H26 results came in broadly in-line with our expectations, with better PPOP at banking operations and revenue momentum at securuities operations offset by higher credit costs. We have slightly revised down our earnings forecasts by 1% for FY26/27E to factor in potential margin pressure and higher credit costs in 2H26 but re ...