Shares of Dah Sing Banking Group (02356.HK) surged 5.01% intraday on Wednesday following the release of its impressive first-half 2025 financial results. The Hong Kong-based lender reported a 13% year-on-year increase in attributable profit, coupled with the declaration of an interim dividend, which sparked investor enthusiasm.
According to the bank's filing to the Hong Kong Stock Exchange, Dah Sing Banking's attributable profit for the half-year ended June 30 reached HK$1.58 billion, up from HK$1.40 billion in the same period last year. Earnings per share climbed to HK$1.05 from HK$0.93, while net interest income rose 9% year-on-year to HK$2.78 billion. In a move that further pleased shareholders, the bank declared an interim dividend of HK$0.31 per share, payable on September 18 to shareholders of record on September 10.
Despite the positive earnings report, it's worth noting that Dah Sing Banking faced challenges in the form of increased credit impairment charges. The bank reported a 34% year-on-year surge in credit charges, totaling nearly HK$780 million for the first half of 2025. This increase was primarily attributed to the weakening commercial property market in Hong Kong. However, investors appear to be focusing on the overall strength of the bank's performance, as evidenced by the stock's significant price jump during the trading session.