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Dah Sing Banking Group's (HKG:2356) One-year Earnings Growth Trails the Notable Shareholder Returns

Dah Sing Banking Group's (HKG:2356) One-year Earnings Growth Trails the Notable Shareholder Returns

大新金融集團(HKG:2356)一年的盈利增長落後於顯著的股東回報
Simply Wall St ·  01/05 16:38

These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But if you pick the right individual stocks, you could make more than that. For example, the Dah Sing Banking Group Limited (HKG:2356) share price is up 63% in the last 1 year, clearly besting the market return of around 17% (not including dividends). So that should have shareholders smiling. The longer term returns have not been as good, with the stock price only 17% higher than it was three years ago.

如今,購買一個指數基金變得很容易,你的回報應該(大致上)與市場持平。但是如果你選擇了正確的個股,你可能會賺得更多。例如,大新金融集團有限公司(HKG:2356)的股價在過去一年上漲了63%,明顯超過了市場約17%的回報(不包括分紅派息)。所以這應該讓股東們感到高興。長期回報並不好,股價比三年前僅高出17%。

On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.

在強勁的7天表現的基礎上,讓我們來看看該公司基本面在推動長期股東回報中發揮了什麼作用。

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

引用巴菲特的話說:'船隻將航行世界,但平面地球協會將繁榮發展。市場上價格與價值之間的差異將繼續存在...' 一種不完美但簡單的方式來考慮市場對一家公司的看法如何變化,就是比較每股收益(每股收益)與股票價格變動的變化。

During the last year Dah Sing Banking Group grew its earnings per share (EPS) by 32%. This EPS growth is significantly lower than the 63% increase in the share price. So it's fair to assume the market has a higher opinion of the business than it a year ago.

在過去一年中,大新金融集團的每股收益(EPS)增長了32%。這個EPS增長明顯低於股價63%的漲幅。所以可以合理地認爲市場對該業務的看法比一年前更高。

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

您可以在下面看到EPS如何隨時間變化(點擊圖片可以發現具體數值)。

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SEHK:2356 Earnings Per Share Growth January 6th 2025
SEHK:2356 每股收益增長 2025年1月6日

We know that Dah Sing Banking Group has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Dah Sing Banking Group will grow revenue in the future.

我們知道大新銀行集團最近改善了其利潤,但它會增加營業收入嗎? 查看分析師是否認爲大新銀行集團未來會增長營業收入。

What About Dividends?

關於分紅派息的問題

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Dah Sing Banking Group, it has a TSR of 83% for the last 1 year. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.

除了衡量股價回報,投資者還應該考慮總股東回報率(TSR)。 股價回報僅反映股價的變化,而TSR則包括分紅的價值(假設這些分紅被再投資)以及任何折扣資本籌集或分拆的好處。 因此,對於支付豐厚分紅的公司,TSR通常遠高於股價回報。 在大新銀行集團的情況下,過去一年其TSR爲83%。這超過了我們之前提到的股價回報。 公司支付的分紅因此提升了總股東回報。

A Different Perspective

不同的視角

It's good to see that Dah Sing Banking Group has rewarded shareholders with a total shareholder return of 83% in the last twelve months. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 1.1% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 1 warning sign for Dah Sing Banking Group you should be aware of.

看到大新銀行集團在過去十二個月裏爲股東帶來了83%的總股東回報令人欣慰。 這包括分紅。 由於一年期的TSR好於五年期的TSR(後者每年爲1.1%),這似乎表明該股票的表現近期有所改善。 鑑於股價動能依然強勁,可能值得更仔細地審視這隻股票,以免錯失良機。 我發現從長期看股價作爲業務表現的代理指標非常有趣。但要真正獲得洞察,我們還需要考慮其他信息。 舉個例子:我們發現了1個關於大新銀行集團的警告信號,你應該留意。

But note: Dah Sing Banking Group may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

但請注意:大新金融集團可能不是最佳的買入股票。因此請查看這份有趣公司的免費列表,這些公司具有過去的盈利增長(以及未來的增長預測)。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.

請注意,本文中引用的市場回報反映了目前在香港交易所交易的股票的市場加權平均回報。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall ST在提到的任何股票中均沒有持倉。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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