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Holding company controlling Dah Sing Bank and related insurance/financial businesses in Hong Kong.
Holding company controlling Dah Sing Bank and related insurance/financial businesses in Hong Kong.
Everything runs through its bank subsidiaries, so profit is mainly the spread between loan interest and deposit costs plus fees, with insurance adding a smaller line. Hong Kong is the core, with Macau and mainland China smaller. The Wong family, who built the group, hold control.
In one line: The parent holding company above a HK regional bank.
Moat: narrow (regulatory licence). Value derives mainly from its controlling stake in Dah Sing Bank.
Headquarters: Hong Kong · Founded: 1987
Size Dah Sing Financial (0440.HK) is a Hong Kong Financials company (Regional Banks) with a market value of $1.81B, the 441st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$44.30 on 6 Nov 2026.
Performance Over six months the shares gained 3.5%, against +5.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 8.2% over the last twelve months (peer median +8.6%); the operating margin is 31.4% (peer median 43.0%).
Valuation It trades at 0.36× book value against a peer median of 1.06× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 4.7%; Dah Sing Financial delivers 5.6%, so the price asks less than the business earns today.
Credit Dah Sing Financial has 1 bond outstanding ($250M), rated BBB- by the agencies.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$13.8B | HK$14.2B | HK$15.3B | HK$14.0B | HK$10.5B |
| Revenue growth | — | -7% | +10% | +33% | — |
| Net income | HK$2.11B | HK$2.06B | HK$1.67B | HK$1.59B | HK$1.22B |
| Free cash flow | HK$5.22B | HK$4.77B | HK$4.05B | HK$2.24B | HK$5.86B |
| Capital expenditure | HK$1.33B | HK$413M | HK$357M | HK$281M | HK$269M |
| Total debt | n/a | HK$4.93B | HK$6.47B | HK$8.89B | HK$8.45B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Dah Sing Financial 0440.HK | $1.81B | +4% | -8% | 6% | 0.36× | 4.7% |
| Dah Sing Banking 2356.HK | $2.45B | +5% | -8% | 8% | 0.53× | 5.5% |
| Bank of East Asia 0023.HK | $6.03B | +27% | -9% | 3% | 0.44× | 5.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0440.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.9% | +2.0% | 6th lowest of 21 |
| 6-month return | +3.5% | +5.1% | 9th lowest of 21 |
| Return on equity | 5.6% | 9.8% | 3rd lowest of 21 |
| Price / book | 0.36× | 1.06× | 2nd cheapest of 21 |
| Trailing P/E | 7.4× | 12.1× | 5th cheapest of 21 |
| ROE the price implies | 4.7% | 9.3% | 5th least demanding of 21 |
| ROE delivered | 5.6% | 9.8% | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Dah Sing Financial 0440.HK | Hong Kong | $1.81B | +4% | -8% | 6% | 0.36× | 4.7% | 5.6% |
| Paragon Banking PAG.L | United Kingdom | $1.81B | +5% | -7% | 12% | 0.95× | 14.0% | 12.0% |
| Bank of Lanzhou 001227.SZ | China | $1.82B | -4% | 0% | 6% | 0.38× | 2.5% | 5.5% |
| S&T Bancorp STBA | United States | $1.79B | +14% | +2% | 10% | 1.27× | 10.8% | 10.0% |
| Kiyo Bank 8370.T | Japan | $1.83B | +39% | +20% | 9% | 1.13× | 8.6% | 9.4% |
| Jiangsu Jiangyin Rural Commercial Bank 002807.SZ | China | $1.77B | +5% | -3% | 10% | 0.57× | 2.9% | 10.5% |
| Bank of Guizhou 6199.HK | Hong Kong | $1.77B | -4% | -2% | 8% | 0.24× | 3.6% | 8.0% |
| Dime Commercial Bancshares DCOM | United States | $1.85B | +13% | +14% | 9% | 1.39× | 12.4% | 9.4% |
| Ogaki Kyoritsu Bank 8361.T | Japan | $1.75B | +45% | +39% | 6% | 0.66× | 6.1% | 5.6% |
| German American Bancorp GABC | United States | $1.88B | +15% | +12% | 13% | 1.63× | 11.0% | 12.8% |
| Byline Bancorp BY | United States | $1.70B | +15% | +2% | 12% | 1.34× | 10.3% | 12.3% |
| Wuxi Rural Commercial Bank 600908.SS | China | $1.94B | +3% | -5% | 10% | 0.54× | 2.8% | 10.1% |
| San-in Godo Bank 8381.T | Japan | $1.95B | +5% | +27% | 8% | 0.91× | 5.9% | 8.1% |
| TriCo Bancshares TCBK | United States | $1.67B | +2% | +4% | 11% | 1.26× | 9.6% | 10.6% |
| Bank of Nagoya 8522.T | Japan | $1.67B | -8% | +25% | 7% | 0.83× | 6.1% | 7.3% |
| Bancorp TBBK | United States | $1.97B | -15% | -7% | 33% | 2.96× | 26.3% | 33.0% |
| Nanto Bank 8367.T | Japan | $1.65B | +7% | +13% | 6% | 0.81× | 5.9% | 6.1% |
| Origin Bancorp OBK | United States | $1.64B | +14% | +5% | 10% | 1.29× | 10.1% | 10.4% |
| Bank First BFC | United States | $1.64B | +1% | +33% | 12% | 1.98× | 10.9% | 11.9% |
| ConnectOne Bancorp CNOB | United States | $1.63B | +8% | +24% | 10% | 1.10× | 10.7% | 9.6% |
| National Bank NBHC | United States | $1.63B | -14% | +14% | 4% | 1.01× | 9.0% | 3.6% |
Dah Sing Financial has 1 bond outstanding with $250M face value. The agencies rate it BBB-.