Shares of Dah Sing Financial (00440.HK) took a sharp downturn during Monday's intraday trading, plummeting 7.88% despite the company's announcement of its annual financial results. The significant drop suggests that the market's reaction to the reported figures was less than favorable, possibly indicating that the results fell short of investor expectations.

According to the company's latest financial report, Dah Sing Financial posted a net interest income of HK$5.40 billion for the fiscal year. Additionally, the firm reported a net income attributable of HK$1,673 million. In a show of confidence, Dah Sing Financial also announced its intention to propose a final dividend of HK$1.18 per share for 2024.

While these figures appear positive on the surface, the market's negative response implies that investors may have been anticipating stronger results or that there might be underlying concerns not immediately apparent in the reported numbers. Analysts suggest that factors such as the broader economic outlook, potential challenges in the banking sector, or specific company guidance for the coming year could be contributing to the selloff. As the trading session progresses, market participants will be closely watching for any additional insights or commentary from the company to explain the disconnect between the financial results and the stock's performance.