Dah Sing Banking Group First Half 2024 Earnings: EPS: HK$0.99 (vs HK$0.79 in 1H 2023)

Simply Wall St·09/26/2024 23:18:35

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Dah Sing Banking Group (HKG:2356) First Half 2024 Results

Key Financial Results

Revenue: HK$2.73b (up 19% from 1H 2023).
Net income: HK$1.40b (up 26% from 1H 2023).
Profit margin: 51% (up from 48% in 1H 2023). The increase in margin was driven by higher revenue.
EPS: HK$0.99 (up from HK$0.79 in 1H 2023).

earnings-and-revenue-growth — SEHK:2356 Earnings and Revenue Growth September 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dah Sing Banking Group Earnings Insights

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Banks industry in Hong Kong.

Performance of the Hong Kong Banks industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Dah Sing Banking Group that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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