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  1. Profit warnings spark sell-down in Dah Sing

    Posted Nov 07th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Shares of Dah Sing Banking Group and its parent, Dah Sing Financial Holdings, closed sharply lower after they forecast earnings would substantially drop on worsened credit quality and operating performance. The lender fell 8.4 per cent to close at HK$4.58, while its parent company tumbled 18.73 per cent to HK$17.88. While the core businesses of Dah Sing Financial ...

  2. 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 ...

  3. 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 ...

  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. Dah sing cleared to spin off unit

    Posted Jun 14th 2004, 12:00am by Staff Reporter

    ... Shareholders have approved at a meeting on Saturday Dah Sing Financial Holdings' proposal to spin off 20 per cent of its banking operations within a price range of US$285 million to $397 million. The roadshow for the initial public offering of the unit - Dah Sing Banking Group - to institutional investors will start today while the offer will be opened to retail investors ...

  6. Dah Sing pays $936m cash for consumer finance firm

    Posted Jun 28th 2005, 12:00am by Staff Reporter

    ... Anette Jonsson Bank's winning auction bid equal to 13.7 times Pacific Finance's earnings of $68 million last year Dah Sing Banking Group has agreed to pay $936 million in cash for consumer finance company Pacific Finance, according to a source familiar with the deal. The acquisition, which comes a year after Dah Sing Bank was spun off from its parent firm and listed in its ...

  7. Dah Sing Financial boosts CRM with Metro Ethernet

    Posted Jul 15th 2003, 12:00am by Staff Reporter

    ... Dah Sing Financial Holdings has built a high-bandwidth network for managing customer relations across all its branches. The move comes amid growing competition in the banking sector. The Hong Kong-listed financial services group recently deployed a Metro Ethernet infrastructure, based on Cisco Systems equipment, to link all 43 branches of its Dah Sing Bank and Mevas Bank ...

  8. Dah Sing Life aims for bigger portion

    Posted Mar 03rd 2005, 12:00am by Staff Reporter

    ... Kelvin Wong Chief's target is 50pc insurance contribution to group income When Tim Murphy took over as chief executive at Dah Sing Life in August last year, he was given a simple mandate: increase the contribution of insurance business to group profits. Mr Murphy refused to discuss specific figures, but comments by the parent Dah Sing Financial Holdings' management ...

  9. Dah Sing earnings tumble on write-down

    Posted Aug 21st 2008, 12:00am by Staff Reporter

    ... Maria Chan Dah Sing Banking Group, a medium-sized Hong Kong lender, expects impairment charges will continue to increase in the second half as a result of the slowing economy. The lender ... write-down on its externally managed structured investment portfolio. Its parent company, Dah Sing Financial Holdings, said net earnings plunged 43.1 per cent due to the weak performance ...

  10. Market cheers Dah Sing venture, but analysts cautious

    Posted Aug 04th 2005, 12:00am by Staff Reporter

    ... Kelvin Wong The $57.72 million acquisition by Dah Sing Financial Holdings (DSFH) of a 20 per cent stake in Great Wall Life Insurance, a new joint venture formed with six mainland firms, drew little enthusiasm from analysts yesterday. The acquisition, announced Tuesday, is the group's second since the controversial spin-off of subsidiary Dah Sing Banking Group (DSB) last ...




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