No Data
No Data
The market is concerned about the situation of the US Federal Reserve's interest rate cuts. Hong Kong-based banks are generally doing well. Hang Seng Bank (00011) rose 2.66%.
The market is focused on the Fed's interest rate cut, and HK based banks are generally performing well. Hang Seng Bank (00011) rose by 2.66%, BOC Hong Kong (02388) rose by 2.35%, Dahsing Banking (02356) rose by 2.29%, HSBC Holdings (00005) rose by 1.12%, Bank of E Asia (00023) and Stanchart (02888) followed the upward trend. In terms of news, according to the "Fed Watch" tool from the Chicago Mercantile Exchange, the futures market has priced in a high probability of a significant 50 basis point rate cut by the Fed on Wednesday, reaching 63%, far exceeding the 30% from a week ago.
Dah Sing Banking Group (HKG:2356) Sheds HK$633m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Five Years
US bank stocks fell across the board overnight. Hong Kong-based banks are under pressure, with Dahsing Banking (02356) dropping by 2.42%.
金吾财讯 | hk based banks generally under pressure, dahsing banking (02356) fell 2.42%, hsbc holdings (00005) fell 2.22%, stanchart (02888) fell 1.93%, hang seng bank (00011) fell 1.45%, boc hong kong (02388) fell 1.27%. Overnight, US bank stocks fell across the board, with jpmorgan falling 5.19%. Earlier, jpmorgan president Daniel Pinto said analysts' forecasts for next year's spending and net interest income are too optimistic.
Five consecutive days of decline! Hong Kong stocks' mainland banking shares plummeted at high levels, and the net interest margins of the five major banks are all below the warning level.
① China mainland banking stocks in the Hong Kong stock market have plummeted from high levels, what bearish factors are continuing to ferment? ② The net interest margin of the five major banks is below the warning level, what impact will it have on the sector market?
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.
The shareholder's attributable profit of dahsing banking (02356.HK) in the first half of the year increased by 26% to 1.4 billion Hong Kong dollars, with a mid-term dividend of 0.27 Hong Kong dollars.
On August 30th, Dahsing Banking Group (02356.HK) announced that in the first half of 2024, the group's net interest income increased by 12%, benefiting from the increase in net interest spread and the moderate growth of average loan balance in the first half of 2024 compared to the same period last year. The net interest spread increased from 1.93% in the first half of 2023 to 2.09%, thanks to the overall higher income assets and prudent management of funding costs. Non-interest income increased by 77%, mainly due to the growth of net service fee and commission income and net trading income. In the first half of 2024, the group benefited from higher asset yield, but funding costs and impairment expenses.
No Data
No Data