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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.
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.
Dah Sing Banking Group's (HKG:2356) Earnings Trajectory Could Turn Positive as the Stock Increases 4.5% This Past Week
Dah Sing Banking Group Limited (HKG:2356) shareholders will doubtless be very grateful to see the share price up 42% in the last quarter. But if you look at the last five years the returns have not
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
DAHSING BANKING: 2023 Annual Report
DAHSING BANKING To Go Ex-Dividend On June 5th, 2024 With 0.49 HKD Dividend Per Share
March 31st - $DAHSING BANKING(02356.HK)$ is trading ex-dividend on June 5th, 2024. Shareholders of record on June 6th, 2024 will receive 0.49 HKD dividend per share on June 20th, 2024. The ex-divi
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