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  1. Dah Sing's credit rating under pressure over payout deal

    Posted Jul 25th 2009, 12:00am by Staff Reporter

    ... Maria Chan Standard & Poor's ratings service has put Dah Sing Bank's credit rating on CreditWatch, with negative implications after a group of banks in Hong Kong agreed to a compensation deal to repay Lehman Brothers minibonds investors. Dah Sing's long-term unsolicited rating is BBB-plus. The ratings agency said the move reflected its view that Dah Sing ...

  2. Dah Sing surges on takeover speculation

    Posted Sep 11th 2009, 12:00am by Staff Reporter

    ... Maria Chan Shares in Dah Sing Bank surged 11.22 per cent yesterday as investors speculated that the lender would be another takeover target, along with Wing Hang Bank. Dah Sing jumped ... it was common for the stocks of small and medium-sized family-run lenders to rise whenever there were rumours about bank acquisitions. 'The lower share price of Dah Sing made it more ...

  3. Placement pulls Dah Sing Banking down 12pc

    Posted Apr 23rd 2009, 12:00am by Staff Reporter

    ... Maria Chan Shares of Dah Sing Banking Group dropped as much as 12.88 per cent yesterday after the bank announced a share placement to raise HK$302.4 million. The stock closed at HK$5.81, down 11.97 per cent, while parent Dah Sing Financial Holdings fell 0.48 per cent to HK$20.90. Dah Sing Banking financial director Gary Wang said the bank was under no pressure to raise capital ...

  4. Dah Sing net falls 40.6pc over loans, minibonds

    Posted Aug 13th 2009, 12:00am by Staff Reporter

    ... Maria Chan Loan impairment charges and higher costs related to the Lehman Brothers minibonds slashed Dah Sing Banking Group interim net earnings by 40.61 per cent. The bank posted net ... banks sealed a deal with regulators last month to settle claims with investors over the Lehman minibond saga. Dah Sing estimated the cost of its minibond buy-back at HK$444 million. The bank ...

  5. Write-downs, bad debts hurt Dah Sing results

    Posted Mar 26th 2009, 12:00am by Staff Reporter

    ... Maria Chan Dah Sing Banking Group, a medium-sized Hong Kong lender, reported a net loss of HK$328.05 million in the second half of last year due to a surge in bad-debt provisions ... the bank posted net income of HK$188.64 for the full year, although profits were down 76.42 per cent from a year earlier. Earnings at the bank's parent company, Dah Sing Financial Holdings, ...

  6. Banks to take a hit, but shares rise

    Posted Jul 24th 2009, 12:00am by Staff Reporter

    ... causing its pre-tax profit to drop 27 per cent. Deutsche Bank expects Dah Sing Bank, Bank of East Asia and Wing Hang Bank to make additional provisions against profits of between HK$100 million ... of recovering the collateral underlying the minibonds. Shares of BOCHK rose 2.5 per cent yesterday to HK$15.54. Dah Sing Banking was up 2.98 per cent at HK$9.33, while Fubon Bank (Hong Kong) rose 1.06 ...

  7. China Life approach pumps up Wing Hang shares

    Posted Feb 26th 2009, 12:00am by Staff Reporter

    ... stake in Wing Hang,' the report said. The brokerage also said other merger and acquisition targets could include Dah Sing Banking Group and Chong Hing Bank. Dah Sing closed unchanged at HK$4.79 yesterday, while its parent Dah Sing Financial Holdings rose 2.75 per cent to HK$18.66. Ivan Li, an analyst at Kim Eng Securities, expected the rally in small banks' shares ...

  8. Investors offered 80pc payout for Lehman products

    Posted Dec 24th 2009, 12:00am by Dennis Eng, Paggie Leung

    ... 80 HK cents for every dollar of their investment. The deal, which applies to 529 customers who bought a total of HK$264 million of Lehman equity-linked notes from Dah Sing Bank and Mevas ... the agreement, the banks do not admit any liability. The settlement offer was reluctantly accepted by many investors. Alison Hui Cho-wai, a housewife who was sold HK$500,000 of the notes by Dah Sing ...

  9. All Lehman claims transferred to court

    Posted Mar 24th 2009, 12:00am by Joyce Man

    ... of China, Dah Sing Bank, Bank of East Asia and DBS Bank. Some claimants said after the decision that they might drop their claims because of the legal costs. 'Even if you apply for legal aid, they might not approve it. The chances [of winning] are basically zero,' a Mrs Chan said. She and her husband bought HK$40,000 in minibond series 36 from Dah Sing Bank in April. ...

  10. Winner's List

    Posted Jun 26th 2009, 12:00am by Staff Reporter

    ... Po-ling Chow Sang Sang Jewellery Kwun Nga-wan Cle de Peau Beaute Karen Chu Ka-wing CSL Raymond Lui Tsz-him Dah Sing Bank Dominic Wong Wa-fung Emphasis Jewellery Angel Pun Hing-hing Guangzhou Honda ... Yuen-ying, Dick Tang Hoi-dick, Rex Tung Chi-sing CPCNet Hong Kong Sophie Choy, Kevin Kam, Kathy Ng Ka-yee CSL Larry Cheng Chung-him, Simon Lee Lok-man, Maggie Li Man-kei, Henry Tung Wai-yip Dah Chong ...




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