The Zhitong Finance App learned that Dongguan Agricultural Commercial Bank (09889) rose more than 17% in the intraday period. As of press release, it had risen 15.28% to HK$6.79, with a turnover of HK$336.337 million.
According to the news, Dongguan Agricultural Commercial Bank announced that the company will pay a final dividend of 0.265 yuan per share on July 8, 2024. The company previously announced that it would pay a final dividend on July 31, 2024. According to the company's first-quarter results, the group received net interest income of RMB 2,534 billion, a year-on-year decrease of 4.91%; total operating revenue of RMB 3.239 billion, a year-on-year decrease of 6.86%; and net profit to mother of RMB 1,919 billion, a decrease of 1.43% year-on-year.
Societe Generale Securities released a research report saying that 19 Hong Kong-listed regional banks were used as a sample to analyze the business situation of small and medium-sized banks in 2023: the sample banks' revenue and profit declined in 2023, mainly driven by interest income, and the overall ROE level was relatively low; the overall rate of credit expansion slowed, and deposit growth rate was basically in line with loan growth; net interest spreads were dragged down by the asset side, and deposit costs improved marginally; the overall asset quality remained stable. The overall bad + focus improved slightly.