Added to YB: 2024-10-11
Pitch date: 2024-10-10
2356.HK [bullish]
Dah Sing Banking Group Limited
+57.54%
current return
Author Info
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Company Info
Dah Sing Banking Group Limited, an investment holding company, provides banking, financial, and other related services in Hong Kong, Macau, and the People’s Republic of China.
Market Cap
HKD 9.9B
Pitch Price
HKD 6.74
Price Target
17.00 (+54%)
Dividend
10.80%
EV/EBITDA
N/A
P/E
5.00
EV/Sales
N/A
Sector
Banks
Category
dividend
Hong Kong stocks too cheap to ignore (part 3) - Dah Sing Banking Group Limited
2356.HK: Solid HK lender at 0.3x P/TB, 5x P/E, 11% div yield. Strong capital (16.7% CET1), funding (71% LDR), loan quality (2% impaired). 9% avg ROE since 2004. US rate cuts positive. PT HKD17 (+140%). Risks: weak economy, property prices -27% in 3yrs. Wong family owns 43% of parent co.
Read full article (6 min)