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Hong Kong retail and commercial bank (Dah Sing Bank), also active in Macau and mainland China.
Hong Kong retail and commercial bank (Dah Sing Bank), also active in Macau and mainland China.
Earns mainly from the gap between interest on loans, such as mortgages, business and card lending, and what it pays depositors, with fees from cards, insurance and wealth products on top. Hong Kong supplies most of it, with a smaller Macau bank licence and a presence in mainland China.
In one line: A HK regional bank.
Moat: narrow (regulatory licence, brand, distribution). Established HK banking licence and branch network built over decades.
Headquarters: Hong Kong · Founded: 1947
Size Dah Sing Banking (2356.HK) is a Hong Kong Financials company (Regional Banks) with a market value of $2.45B, the 386th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$13.66 on 6 Nov 2026.
Performance Over six months the shares gained 4.7%, against +5.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 7.9% over the last twelve months (peer median +2.0%); the operating margin is 35.3% (peer median 37.3%).
Valuation It trades at 0.53× book value against a peer median of 1.20× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 5.5%; Dah Sing Banking delivers 7.5%, so the price asks less than the business earns today.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$12.3B | HK$12.7B | HK$14.0B | HK$12.8B | HK$9.59B |
| Revenue growth | — | -10% | +10% | +33% | — |
| Net income | HK$2.68B | HK$2.48B | HK$2.06B | HK$1.86B | HK$1.61B |
| Free cash flow | HK$6.62B | HK$5.93B | HK$3.19B | HK$199M | HK$5.08B |
| Capital expenditure | HK$1.32B | HK$405M | HK$353M | HK$275M | HK$267M |
| Total debt | n/a | HK$5.23B | HK$6.77B | HK$9.19B | HK$8.76B |
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 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% |
| Dah Sing Financial 0440.HK | $1.81B | +4% | -8% | 6% | 0.36× | 4.7% |
| Boc Hong Kong 2388.HK | $67.4B | +13% | -8% | 12% | 1.47× | 8.1% |
| HSBC HSBA.L | $301B | -1% | -4% | 14% | 1.51× | 17.5% |
| Standard Chartered STAN.L | $60.9B | +14% | -10% | 13% | 1.37× | 16.9% |
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 | 2356.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.2% | -0.5% | 6th lowest of 21 |
| 6-month return | +4.7% | +5.6% | 10th lowest of 21 |
| Return on equity | 7.5% | 9.8% | 4th lowest of 21 |
| Price / book | 0.53× | 1.20× | 3rd cheapest of 21 |
| Trailing P/E | 7.7× | 11.8× | 5th cheapest of 21 |
| ROE the price implies | 5.5% | 8.8% | 6th least demanding of 20 |
| ROE delivered | 7.5% | 9.9% | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Dah Sing Banking 2356.HK | Hong Kong | $2.45B | +5% | -8% | 8% | 0.53× | 5.5% | 7.5% |
| Stock Yards Bancorp SYBT | United States | $2.46B | +10% | +10% | 32% | 2.17× | n/a | 32.4% |
| Qingdao Rural Commercial Bank 002958.SZ | China | $2.47B | -2% | -9% | 8% | 0.41× | 2.5% | 7.9% |
| North Pacific Bank 8524.T | Japan | $2.50B | +8% | +25% | 7% | 1.02× | 8.1% | 7.1% |
| Merchants Bancorp MBIN | United States | $2.38B | +12% | 0% | 14% | 1.23× | 12.6% | 13.6% |
| Banco di Desio e della Brianza BDB.MI | Italy | $2.37B | +80% | +2% | 9% | 1.41× | 12.0% | 9.0% |
| Banner BANR | United States | $2.55B | +7% | +2% | 10% | 1.20× | 10.1% | 10.0% |
| Beacon Financial BBT | United States | $2.57B | +6% | +74% | 9% | 1.02× | 7.9% | 9.1% |
| First Busey BUSE | United States | $2.33B | +8% | +17% | 10% | 1.03× | 8.8% | 9.8% |
| Trustmark TRMK | United States | $2.58B | 0% | -4% | 11% | 1.25× | 9.6% | 11.2% |
| City Union Bank CUB.NS | India | $2.31B | +8% | +22% | 14% | 1.94× | 29.8% | 14.1% |
| Juroku Financial Group,Inc 7380.T | Japan | $2.30B | 0% | +16% | 6% | 0.70× | 6.3% | 6.1% |
| Dongguan Rural Commercial Bank 9889.HK | Hong Kong | $2.63B | -14% | 0% | 7% | 0.29× | 3.7% | 6.6% |
| Xiamen Bank 601187.SS | China | $2.67B | -13% | 0% | 10% | 0.63× | 3.2% | 10.0% |
| First Bancorp FBNC | United States | $2.67B | +10% | +14% | 10% | 1.56× | 12.2% | 9.9% |
| Weihai Bank 9677.HK | Hong Kong | $2.70B | +5% | +6% | 9% | 0.64× | 4.5% | 9.2% |
| Enterprise Financial Services EFSC | United States | $2.21B | +4% | +2% | 10% | 1.20× | 10.2% | 9.6% |
| Suruga Bank 8358.T | Japan | $2.73B | +10% | +13% | 14% | 1.32× | 8.2% | 13.7% |
| Bank of Hawaii BOH | United States | $2.73B | -13% | +1% | 14% | 1.84× | 13.0% | 13.6% |
| Union Bank of Taiwan 2838.TW | Taiwan | $2.75B | +2% | -9% | 8% | 1.06× | 3.7% | 8.5% |
| Bank of N.T. Butterfield & Son Limited (The) NTB | United States | $2.15B | -3% | 0% | 21% | 1.94× | 12.0% | 21.1% |