00440 DAH SING
- 25.750
- -0.250-0.96%
DAH SING News
S&P: Downturn in commercial real estate in Hong Kong spreading to banks, small and medium-sized banks may be affected.
Rating agency Standard & Poor's Global stated that the commercial real estate industry in Hong Kong is facing the most severe downturn since the Asian financial crisis, expecting that some non-first and second-tier, as well as financially aggressive real estate companies will be most severely affected. Small banks closely associated with these real estate companies will also be affected. Standard & Poor's mentioned that non-first and second-tier real estate companies include mainly rental companies that own office and retail properties. If small real estate developers also participate in office and retail property projects, they are believed to face pressure. Small and medium-sized banks may underestimate the risk of non-performing loans in the real estate industry. Compared to large banks, small and medium-sized banks in Hong Kong may have a high exposure to real estate.
In September, the overall consumer price index in the Hong Kong rose by 2.2% annually according to the Economic Index, and Dah Sing Financial expects it to fall to below 2% in the fourth quarter.
Hong Kong's overall consumer price index rose by 2.2% year-on-year in September, slowing down by 0.3 percentage points from the previous month. Dah Sing Financial Group (00440.HK) Chief Economist and Strategist Kelvin Yam stated that the September overall consumer price index increase was slightly lower than the market's and the bank's expectations of 2.4% and 2.3% respectively. Excluding one-off relief measures, underlying inflation rose by 0.9% year-on-year, also slowing down by 0.3 percentage points from the previous month. Yam mentioned that overall food prices saw a slowdown in the year-on-year growth rate by 0.8 percentage points to 1%, reaching the lowest increase since January this year. Among them, basic food prices shifted from rising to falling, ending three consecutive months of increase; going out.
AM Best Affirms Credit Ratings of Dah Sing Insurance Company Limited
Citi: Relaxing the maximum loan-to-value ratio and further introducing 'interest-only repayment' to support small and medium-sized enterprises, additional bullish for Hong Kong banks. Prefer boc hong kong (02388.HK) and Dah Sing Bank (02356.HK).
JPMorgan released a report stating that the new policy address mentioned the HKMA further relaxing the cap on loan-to-value ratios and introducing measures to support small and medium-sized enterprises with 'interest-only' repayment. The bank believes that this will help banks manage the asset quality risks of related industries more flexibly and bring positive impacts to the banking industry in Hong Kong. The bank explains that although the HKMA's increase in the maximum loan-to-value (LTV) ratio mainly benefits properties worth over 30 million yuan, it does help to some extent alleviate the potential asset quality risks for Hong Kong banks in mortgage loans and commercial real estate loans, despite the limited impact on the growth of property mortgage loans. Similarly, enhancing
HKMA: The maximum loan-to-value ratio for all properties is set uniformly at 70%. The maximum debt-to-income ratio is uniformly set at 50%.
The Monetary Authority issued guidelines to banks today (16th) to revise the countercyclical macro-prudential regulatory measures applicable to property mortgage loans. Taking into account various considerations, the Monetary Authority believes that there is room to further revise the countercyclical macro-prudential regulatory measures while continuing to maintain the stability of the banking system and ensuring proper management of risks associated with property mortgage loans. First: For all residential properties, regardless of their value or occupancy status, the maximum loan-to-value ratio is unified at seventy percent. Second: The maximum loan-to-value ratio for property mortgage loans based on 'asset levels' as the approval basis has been increased from sixty percent to seventy percent, aligning with those based on 'payment to income ratios' as the approval basis.
Dah Sing Financial: Retail sales value in Hong Kong fell more than expected in August, expecting a moderate decline in the number of units for the whole year.
In August of this year, the retail sales value in Hong Kong fell by 10.1% year-on-year, lower than the market's expected decline of 9%, but the decrease from the previous value of 11.7% narrowed. Dah Sing financial conglomerates' Chief Economist and Strategist, Kelvin Wong, stated that the decline in retail sales value in August was higher than the market and the bank's expected 9%, marking the sixth consecutive month of decline; the total sales value was 29.2 billion yuan, remaining near the lows since September 2022. Kelvin Wong mentioned that major categories generally showed improvement in sales value. Specifically, sales of food, alcoholic beverages, and tobacco shifted from decline to growth. As for luxury goods, clothing, department stores, supermarkets, and fuel, the declines in sales value have all narrowed.
DAH SING: 2024 Interim Report
DBS Bank (02356.HK) simplifies identity verification services for small and medium enterprises.
Dah Sing Bank announced that it is one of the first banks to support the pilot program of "Bank Interbank Account Data Sharing". It has launched a new identity verification service for small and medium-sized enterprises, allowing "328 Business Wealth Management" customers who open accounts remotely to voluntarily share account information through shared banks, completing customer due diligence process securely and efficiently. The bank stated that after using this service, customers no longer need to visit branches or log into other online banking platforms to complete the "FPS" transfer as in the past, greatly shortening the required process and time.
Dah Sing Financial estimates that the Federal Reserve will reduce interest rates by half a basis point by the end of the year, with Hong Kong property prices expected to fall by 5% to 10%.
The Federal Reserve announced on Wednesday (the 18th) that it is starting an interest rate reduction cycle, lowering the federal funds rate by 50 basis points, from a range of 5.25% to 5.5% to a range of 4.75% to 5%. Dah Sing Financial Conglomerates' Chief Economist and Strategist, Kelvin Wan, said that the Federal Reserve's announcement of a 50 basis point rate cut is larger than the market and the bank's expectations, reflecting the Fed's desire to avoid a rapid cooling of the job market. He expects that for the remaining two interest rate meetings this year, there is a greater chance of a 25 basis point rate cut. If the unemployment rate accelerates to above 4.5%, or the number of new jobs drops below 0.1 million, the Fed may cut rates.
Dah Sing Financial Holdings Limited Goes Ex-dividend Tomorrow
DAH SING FINANCIAL To Go Ex-Dividend On September 12th, 2024 With 0.35397 USD Dividend Per Share
September 10th (Eastern Time) - $DAH SING FINANCIAL(DSFGY.US)$ is trading ex-dividend on September 12th, 2024.Shareholders of record on September 12th, 2024 will receive 0.35397 USD dividend per
AM Best Affirms Credit Ratings of Macau Insurance Company Limited
DAH SING To Go Ex-Dividend On September 11th, 2024 With 0.92 HKD Dividend Per Share
August 30th (Beijing Time) - $DAH SING(00440.HK)$ is trading ex-dividend on September 11th, 2024.Shareholders of record on September 12th, 2024 will receive 0.92 HKD dividend per share on September 26
Breaking News | Net profit for the first half of the year increased by 20% and dividends were distributed. Dah Sing Financial and Dah Sing Banking Group both surged 10% in the afternoon.
On August 30th, dahsing banking and dah sing both showed strong performance, as of the time of submission, dah sing rose 10.77%, to HKD 23.15; dahsing banking rose 9.65%, to HKD 6.82.
Dah Sing Financial (00440.HK) and Dah Sing Bank (02356.HK) rose 7% to 9%, with an increase in mid-term dividends.
Dah Sing Financial Holdings (00440.HK) announced at noon that it made a profit of 20.7% in the first half of the year, with its interim dividend increasing by more than 1.5 times to 92 cents per share. In the afternoon, the stock price rose further, reaching a high of 23.45 HKD. It is now trading at 22.85 HKD, up 9.33%, with a trading volume of 0.4008 million shares, involving a value of 9.0225 million HKD. Dah Sing Bank (02356.HK) made a profit of 25.6% in the first half of the year, with its interim dividend increasing to 0.27 HKD. In the afternoon, the stock price rose further and is currently trading at 6.67 HKD, up 7.23%, with a trading volume of 0.9088 million shares, involving a value of 5.9488 million HKD. The total operating revenue of Dah Sing Financial Holdings in the first half of the year was 3.393 billion HKD, according to
Dah Sing Announces Interim Dividend of HKD 0.92
Dah Sing Banking Announces Interim Dividend
Dah Sing Financial (00440.HK): Shareholders' net profit for the first half of the year was 1.112 billion Hong Kong dollars, an increase of 20.7% year-on-year.
Glomail August 30th | Dah Sing Financial (00440.HK) announced that for the six months ended June 30, 2024, net interest income reached 2.595 billion Hong Kong dollars, an increase of 11.2% year-on-year; total operating income reached 3.393 billion Hong Kong dollars, an increase of 19.8% year-on-year; the company's shareholders' share of profit was 1.112 billion Hong Kong dollars, an increase of 20.7% year-on-year. The board of directors announced a mid-year dividend of 0.92 Hong Kong dollars per share for 2024. Compared to the first half of 2023, the group's general insurance business saw double-digit growth in insurance income. Overall, the group's Hong Kong and Macau insurance and investment
Dah Sing Financial (00440) will distribute an interim dividend of HKD 0.92 per share on September 26.
Dah Sing Financial (00440) announced that it will distribute an interim dividend of HKD 0 per share on September 26, 2024.
Dah Sing Banking Group Reports Robust Mid-Year Profits
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