Dah Sing Banking Group (2356) AI Stock Analysis

• Market Cap: HK$15.01B
• Dividend Yield: 6.54%
• Average Volume (3M): 1.39M
• Price to Earnings (P/E): 6.7
• Beta (1Y): 0.46
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 2,903
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.12
• Shares Outstanding: 1,405,752,200
• 10 Day Avg. Volume: 2,142,629
• 30 Day Avg. Volume: 1,393,234
• PEG Ratio: 0.49
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 1.69
• P/FCF Ratio: -4.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: HK$12.00 ▲(10.80% Upside)

The score is driven by attractive valuation (low P/E and high dividend yield) and a relatively conservative balance sheet, offset by weak and deteriorating cash flow and a sharp recent revenue contraction. Technical indicators are neutral-to-mixed and do not materially improve confidence in near-term momentum.

Dah Sing Banking Group Business Overview & Revenue Model

Company Description

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. It operates through Personal Banking, Corporate Banking, Treasury and Global Markets, and Overseas Banking segments. The Personal Banking segment accepts deposits from individual customers; and provides residential mortgage lending, personal loans, overdrafts, vehicle financing, and credit card services, as well as insurance sales and investment services. The Corporate Banking segment accepts deposits; offers loans and working capital financing to commercial, industrial, and institutional customers; and provides trade financing services. The Treasury and Global Markets segment provides foreign exchange services; cash management services for deposit taking and lending; and interest rate risk management services, as well as manages investments in securities. The Overseas Banking segment engages in the personal and corporate banking business activities in Macau and the People's Republic of China. The company is also involved in the property investment and securities dealing activities; and provision of nominee services. As of December 31, 2021, it had a branch network of 43 retail branches, 27 VIP banking centers, 16 securities trading centers, and 10 SME centers. The company was incorporated in 2004 and is based in Wan Chai, Hong Kong. Dah Sing Banking Group Limited operates as a subsidiary of Dah Sing Financial Holdings Limited.

How the Company Makes Money

Dah Sing Banking Group Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.03B	6.82B	4.64B	9.59B	6.82B	7.98B
Gross Profit	5.47B	6.82B	5.91B	6.75B	4.25B	7.98B
EBITDA	2.03B	2.77B	0.00	1.66B	2.39B	2.19B
Net Income	2.24B	2.06B	1.86B	1.61B	1.66B	1.49B
Balance Sheet
Total Assets	260.68B	256.34B	260.74B	252.09B	248.98B	247.31B
Cash, Cash Equivalents and Short-Term Investments	0.00	14.79B	18.96B	19.26B	16.04B	19.05B
Total Debt	4.27B	4.15B	5.92B	3.80B	4.13B	16.15B
Total Liabilities	225.54B	222.52B	227.85B	222.17B	219.07B	217.95B
Stockholders Equity	35.14B	33.82B	32.58B	29.91B	29.91B	29.34B
Cash Flow
Free Cash Flow	3.22B	-2.59B	199.26M	5.08B	3.38B	-10.02B
Operating Cash Flow	3.62B	-2.23B	-1.14B	5.35B	3.68B	-9.89B
Investing Cash Flow	-152.13M	-223.47M	-38.89M	-36.47M	-86.21M	-2.20B
Financing Cash Flow	-7.69B	-7.71B	883.17M	2.31B	1.96B	6.17B

Dah Sing Banking Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
2356	67 Neutral	HK$15.01B	6.69	6.58%	6.54%	―	―

Dah Sing Banking Group Corporate Events

Dah Sing Banking Group Enhances Governance with New Committee

Dah Sing Banking Group Limited has established a Nomination and Remuneration Committee to oversee remuneration and nomination matters for the company and its subsidiaries, including Dah Sing Bank. The committee is tasked with reviewing board composition, succession planning, and remuneration policies to ensure alignment with the company’s strategic goals and regulatory requirements. This initiative aims to enhance the company’s governance and operational efficiency, providing accountability and independence in its remuneration practices, which is crucial for maintaining stakeholder trust and regulatory compliance.

The most recent analyst rating on (HK:2356) stock is a Hold with a HK$9.30 price target. To see the full list of analyst forecasts on Dah Sing Banking Group stock, see the HK:2356 Stock Forecast page.

Dah Sing Banking Group Enhances Governance with Committee Oversight

Dah Sing Banking Group Limited has outlined the responsibilities of its Nomination and Remuneration Committee, which is tasked with overseeing remuneration matters and nominating directors and senior management for the company and its subsidiary, Dah Sing Bank. The committee plays a crucial role in ensuring that the company’s remuneration policies align with its strategic objectives and regulatory requirements, thereby supporting effective governance and accountability to shareholders and regulators.

The most recent analyst rating on (HK:2356) stock is a Hold with a HK$9.30 price target. To see the full list of analyst forecasts on Dah Sing Banking Group stock, see the HK:2356 Stock Forecast page.

Dah Sing Banking Group Forms Committee to Oversee Remuneration and Nominations

Dah Sing Banking Group Limited has established a Nomination and Remuneration Committee to oversee the remuneration matters and nomination processes for its Board of Directors and senior management. This committee is tasked with ensuring that the company’s remuneration policies align with its business needs and regulatory requirements, while also focusing on succession planning and maintaining effective board and management structures. The committee’s work is crucial for maintaining accountability and independence, ensuring fair compensation, and supporting the company’s strategic objectives and culture reform.

The most recent analyst rating on (HK:2356) stock is a Hold with a HK$9.30 price target. To see the full list of analyst forecasts on Dah Sing Banking Group stock, see the HK:2356 Stock Forecast page.

Dah Sing Banking Group Enters New Agreements with DSFH Group

Dah Sing Banking Group announced the signing of various agreements with Dah Sing Financial Holdings Group for insurance services, distribution, agency, and business referral services. These agreements, considered continuing connected transactions under Hong Kong’s Listing Rules, are deemed fair and reasonable by the company’s board and are expected to be conducted on normal commercial terms. The transactions are subject to reporting and annual review requirements but do not require independent shareholder approval.

The most recent analyst rating on (HK:2356) stock is a Hold with a HK$9.30 price target. To see the full list of analyst forecasts on Dah Sing Banking Group stock, see the HK:2356 Stock Forecast page.