• Wed
  • Nov 26, 2014
  • Updated: 8:57pm

What the broker said

PUBLISHED : Sunday, 08 October, 2000, 12:00am
UPDATED : Sunday, 08 October, 2000, 12:00am
 

Wing Lung Bank is involved in banking and related financial services. Its principal activities include insurance underwriting, deposit taking, futures and securities broking and nominee services.


Last year, Pacific Challenge Securities said the company's interim results for the year were impressive. The group reported a net profit increase of 15.9 per cent year on year to HK$399 million.


The brokerage recommended the company as a buy, saying: 'Management remains the most conservative in the banking sector.'


Its three-month target share price was HK$40, promising more than 20 per cent upside.


In August of this year, the bank announced interim earnings growth at below market expectations.


Graphic: THEN08gwz


Share

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive
 
 

 

 
 
 
 
 

Login

SCMP.com Account

or