02356 DAHSING BANKING
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DAHSING BANKING News
Central Plains Mortgage: 726 remortgages were registered in Hong Kong in March, down 41% from the previous month to a record low
Zhitong Finance App learned that Wang Meifeng, managing director of Zhongyuan Mortgage Research, pointed out that according to data from the Central Plains Research Department, the Bank of Hong Kong recorded 726 loan transfers in March 2024. The number hit a record low since 2017, a sharp decrease of 40.9% month-on-month. The reason was that banks raised mortgage interest rates and reduced rebate offers since September last year. The reason for conversion has been drastically reduced, causing the number of conversion applications to drop significantly since the fourth quarter of last year. According to figures from the Hong Kong Monetary Authority, the number of new referrals in February has been falling for 5 months to a 15-year low. As a result, the number of referrals registered in the first quarter of this year has been falling for 2 consecutive months, and fell even lower in March
大新銀行集團：2023年年報
DAHSING BANKING To Go Ex-Dividend On June 5th, 2024 With 0.49 HKD Dividend Per Share
March 31st - $DAHSING BANKING(02356.HK)$ is trading ex-dividend on June 5th, 2024. Shareholders of record on June 6th, 2024 will receive 0.49 HKD dividend per share on June 20th, 2024. The ex-divi
Dah Sing Banking's 2023 Profit Jumps 16% as Impairment Loss Declines
Dah Sing Banking Group (HKG:2356) posted a 15.6% jump in net profit in 2023 to HK$1.86 billion, or HK$1.23 per share, from HK$1.61 billion, or HK$1.07 per share, a year earlier, according to a Thursda
Changes in Hong Kong stocks | Daxin's earnings rose sharply after Daxin Finance (00440) once rose more than 17%, and Daxin Bank Group (02356) rose nearly 10%
The Zhitong Finance App learned that Daxin's results rose sharply. As of press release, Daxin Finance (00440) rose 15.5% to HK$18.48; Dah Sing Bank Group (02356) rose 9.55% to HK$5.62. According to the news, Dah Sing Bank Group announced its annual results at noon. The group received net interest income of HK$4.815 billion during the period, up 9.9% year on year; profit attributable to shareholders of HK$1.86 billion, up 15.6% year on year; basic profit per share of HK$1.32; and proposed final dividend of HK$0.49 per share. Daxin Finance also announced its annual results, with net interest income of approximately
大新銀行集團：2023年年度業績通告
Dah Sing Bank Group (02356.HK) plans to hold a board meeting on March 28 to approve annual results
Glonghui March 15 | Daxin Bank Group (02356.HK) announced that the company will hold a board committee meeting on March 28, 2024 (Thursday) to process (including) approve the publication of the company's comprehensive results announcement for the year ended 31 December 2023 and consider the payment of a final dividend.
DAHSING BANKING: Date of Board Committee Meeting
Rumor has it that some banks in Hong Kong refuse to “touch up” mortgages Hong Kong Monetary Authority: Banks need to properly manage risk
The Hong Kong Monetary Authority stated that banks are required to prudently operate the mortgage loan business and properly manage the risks involved.
Hong Kong's Economic Growth Accelerated in Fourth Quarter
By Ronnie Harui Hong Kong's economic growth accelerated in the fourth quarter of 2023, mainly thanks to private consumption and exports of goods and services. Gross domestic product expanded 4.3% in
Bank stocks rose collectively, China Merchants Bank (03968) rose 6.71%, institutions say they are still optimistic about the banking sector's pre-holiday stock price performance
Jinwu Financial News | Bank stocks rose collectively. China Merchants Bank (03968) rose 6.71%, Postbank (01658) rose 3.26%, Daxin Bank Group (02356) rose 3.2%, China Everbright Bank (06818) rose 2.34%, China CITIC Bank (00998) rose 2.26%, and China Construction Bank (00939) rose 2.08%. Zheshang Securities said that the market is concerned about the high level of congestion in bank stocks, especially those with high dividends, but judging from quarterly holdings, the efforts of institutions to increase individual stock holdings are limited. The current decline in risk-free interest rates combined with lower market risk appetite and low dividends
KPMG: Hong Kong's banking sector will continue to face challenges in 2024, but high interest rates may drive industry profits
On January 22, KPMG released the latest “Hong Kong Banking Outlook 2024” report. The bank expects the challenges facing the banking industry to continue until 2024 due to the still sluggish economic sentiment in Hong Kong, which may lead to a slowdown in loan growth, and a decrease in financial activity will also affect the revenue earned by banks through fees and commissions.
PBOC's Decision to Hold Rates Reflects Concerns About Bank Profitability
China's central bank decision to keep key interest rates unchanged despite strong deflation pressure reflects Beijing's concerns about banks profitability, ANZ Research economists Zhaopeng Xing and Ra
China's CPI, PPI Likely Fell in December
0301 GMT - China's producer-price index likely fell 2.6% on year in December, while consumer prices likely declined 0.6% after slipping in October and November, Moody's Analytics says in its weekly As
Goldman Sachs: Bank of Hong Kong stocks prefer Standard Chartered Group and HSBC Holdings to lower the target prices of some Hong Kong banks
Goldman Sachs released a research report stating that it maintained the “buy” ratings of Standard Chartered Group (02888), HSBC Holdings (00005) and Bank of China Hong Kong (02388), while Bank of East Asia (00023) and Daxing Bank Group (02356) maintained “neutral” ratings, and renewed the “sell” rating for Hang Seng Bank (00011). Goldman Sachs's target prices for Standard Chartered and Foreign Exchange Control were HK$85 and HK$84, and the target prices of BOCHC Hong Kong, Hang Seng, East Asia and Dah Sing Bank were lowered to HK$28.8, HK$107, HK$12.1 and HK$6.4, respectively. According to the report, Standard Chartered has the lowest in Hong Kong
[Broker Focus] J.P. Morgan cuts the target prices of many Hong Kong bank stocks, indicating that profit growth momentum will slow in 2024
Jinwu Financial News | According to the J.P. Morgan Chase Research Report, the profit growth of banks in Hong Kong has been impressive since this year, but it has not been able to push the stock price to outperform the market, mainly due to the market's focus on asset quality to offset the favorable factors of the unexpected increase in net interest spreads. The bank believes that the industry's profit growth momentum is slowing in 2024 because profit growth is expected to be moderate before provision, the capitalization of credit costs will take a long time, and shareholder feedback will be the focus of investors. Based on this, it favors regional banks over Hong Kong banks. The bank lowered the target price of Hang Seng Bank (00011) from HK$130 to HK$102, and downgraded the rating from “increased holdings” to “neutral”;
DAHSING BANKING: 2023 Interim Report
Read This Before Considering Dah Sing Banking Group Limited (HKG:2356) For Its Upcoming HK$0.11 Dividend
Dah Sing Banking Group Limited (HKG:2356) stock is about to trade ex-dividend in 3 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be o
Goldman Sachs: Giving Dah Sing Bank (02356) “neutral” rating target price reduced to HK$6.7
Goldman Sachs expects Daxin Bank (02356) credit costs to remain high in the second half of the year, and will slow somewhat from fiscal year 2024.
DAHSING BANKING To Go Ex-Dividend On September 7th, 2023 With 0.11 HKD Dividend Per Share
August 23rd - $DAHSING BANKING(02356.HK)$ is trading ex-dividend on September 7th, 2023. Shareholders of record on September 8th, 2023 will receive 0.11 HKD dividend per share on September 21st, 2
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