DAO Heng Bank Group is involved in commercial banking

PUBLISHED : Sunday, 18 October, 1998, 12:00am
UPDATED : Sunday, 18 October, 1998, 12:00am

DAO Heng Bank Group is involved in commercial banking, deposit-taking and bullion sales, as well as trustee and nominee services.


NatWest Securities recommended buying the stock last year, saying its price-earnings ratio was at a historical low.


Like most Hong Kong shares, the stock got much cheaper soon after NatWest's recommendation.


The bank has fallen 70 per cent in value in the past year, compared with 45 per cent for the Hang Seng Index. Oops.