DAH Sing Financial

DAH Sing Financial is engaged in the provision of banking and related financial services. This time last year, brokerage Nikko Research Centre placed a buy on the stock, saying profit forecasts for the bank were about to be upgraded due to lower than expected costs.

This proved poor advice because the stock tumbled in mid-year when its high-exposure to mortgage loans left it exposed in a weakened property market.

Twelve months ago, Dah Sing shares traded at $32.40, now they are worth just $17.