Exploring Dah Sing Banking Group And Two More Hidden Small Caps With Strong Financials

Yahoo FinanceJul 22 19:08 ET

Dah Sing Banking Group Limited's (HKG:2356) Stock Price Dropped 5.1% Last Week; Public Companies Would Not Be Happy

Simply Wall StJul 19 18:08 ET

Morgan Stanley: HK based banks have reduced risks and their valuation is reasonable.

On July 5th, Morgan Stanley released a report stating that hk based banks' stock prices outperformed the Hang Seng Index in the second quarter, indicating a reduction in tail risk for the industry and supporting a mean reversion of stock prices, but not a reassessment of valuations.

Zhitong FinanceJul 5 03:55 ET

Uncertainty remains regarding interest rate cuts. According to KPMG, a high interest rate environment is beneficial for the profitability of Hong Kong banks.

KPMG recently released a report on the Hong Kong banking industry in 2024, pointing out that the balance sheet of Hong Kong banks recorded moderate growth due to the higher interest rate environment in 2023, with significant increases in net interest margin and operating surplus.

Zhitong FinanceJul 3 01:52 ET

Dah Sing Banking Group's (HKG:2356) Earnings Trajectory Could Turn Positive as the Stock Increases 4.5% This Past Week

Simply Wall StMay 5 20:10 ET

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

Zhitong FinanceApr 25 08:59 ET