Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Chong Hing Bank Shares Jump Most in a Year as Profit Gains 746%

Shares of Chong Hing Bank Ltd. jumped the most in a year in Hong Kong after the company reported a wider lending margin and a 746 percent jump in first-half profit because of a property sale.

The shares rose 14 percent, the biggest gain since August last year, to HK$16.68 as of the noon local-time trading break. That pared this year’s decline to 52 percent, compared with a 4 percent gain for the benchmark Hang Seng Index.

The first-half profit of HK$2.34 billion ($302 million), reported yesterday in an exchange filing, came after a company controlled by the Guangzhou city government in southern China completed the acquisition of a majority stake in Chong Hing this year. Net interest margin, a measure of lending profitability, increased to 1.52 percent in the first half from 1.19 percent a year earlier.

“The bank’s fundamentals have recovered,” Steven Chan, a Hong Kong-based analyst at Maybank Kim Eng Holdings Ltd., said by phone. He cited improvements in net interest margin and capital ratios.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.