Dah Sing Banking Group Limited (HK:2356)
:2356
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Dah Sing Banking Group
(2356)
Select Model
Select Model
Rating:67Neutral
Price Target:
HK$12.00
▲(10.80% Upside)
Action:N/ADate:01/04/26
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 (2356) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$17.46B
Dividend Yield6.54%
Average Volume (3M)1.39M
Price to Earnings (P/E)2.2
Beta (1Y)0.49
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees2,903
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.64
Shares Outstanding1,405,752,200
10 Day Avg. Volume2,142,629
30 Day Avg. Volume1,393,234
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)0.34
Price to Sales (P/S)1.69
P/FCF Ratio-4.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$14.50Price Target Upside33.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.02
Revenue Forecast (FY)HK$8.08B
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 G...
How the Company Makes Money
The group primarily makes money through (1) net interest income and (2) fee and commission income, supplemented by (3) trading/financial-market income and (4) other income streams common to banking groups.
1) Net interest income (core earnings): ...
Dah Sing Banking Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
73
Positive
Cash Flow
34
Negative
| 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
UnderperformOutperform
Sector (68)
HK:2356
Dah Sing Banking Group
12.42
5.43
77.68%
BKEAF
Bank of East Asia
1.73
0.31
21.74%
DAHSF
Dah Sing Financial Holdings
5.32
1.18
28.38%
DE:4BQ
Bank of Qingdao Co., Ltd. Class H
0.47
0.15
44.79%
DE:CQN
Bank of Chongqing Co., Ltd. Class H
0.87
0.26
42.50%
Dah Sing Banking Group Corporate Events
Dah Sing Banking Group Sets Board Meeting on 2025 Results and Final Dividend
Mar 16, 2026
Dah Sing Banking Group has scheduled a meeting of its Board Committee for 30 March 2026 to approve the announcement of the company’s consolidated results for the year ended 31 December 2025. The committee will also consider recommending a fi...
Dah Sing Banking Group Enhances Governance with New Committee
Dec 17, 2025
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 compo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.