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Last $17.39 USD
Change Today -0.105 / -0.60%
Volume 105.0
As of 5:20 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

hang seng bank-sponsored adr (HSNGY) Key Developments

Hang Seng Bank Limited Reports Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2015

Hang Seng Bank Limited reported unaudited consolidated earnings results for the half year ended June 30, 2015. For the period, the company reported operating profit excluding loan impairment charges and other credit risk provisions was HKD 11,379 million against HKD 9,833 million a year ago. This reflects strong performance in wealth management business and the growth in net interest income, driven by balance sheet growth. Total operating income was HKD 24,640 million against HKD 21,362 million a year ago. Net operating income was HKD 15,921 million against HKD 14,136 million a year ago. Cash generated from operating activities was HKD 38,809 million against cash used in operating activities of HKD 6,688 million a year ago.

Hang Seng Bank Limited Reports Un-Audited Consolidated Earnings Results for the Half Year Ended June 30, 2015

Hang Seng Bank Limited reported un-audited consolidated earnings results for the half year ended June 30, 2015. For the period, the company reported interest income of HKD 13,645 million compared to HKD 12,774 million, net interest income of HKD 10,441 million compared to HKD 9,671 million, operating profit of HKD 10,785 million compared to HKD 9,496 million, profit before tax of HKD 21,720 million compared to HKD 9,877 million, profit attributable to shareholders of HKD 20,048 million or HKD 10.49 per diluted share compared to HKD 8,468 million or HKD 4.43 per diluted share, net cash inflow from operating activities of HKD 38,787 million compared to net cash used in operating activities of HKD 6,833 million and purchase of properties, plant and equipment and intangible assets of HKD 454 million compared to HKD 397 million for the last year. Return on average shareholders’ funds was 29.4% compared with 15.9% in the first half of 2014. Return on total assets was 3.1% compared with 1.5% and 1.4% a year ago.

Hang Seng Bank Limited Declares Second Interim Dividend, Payable on September 8, 2015

The Directors of Hang Seng Bank Limited have declared a second interim dividend of HKD 1.10 per share, which will be payable on September 8, 2015 to shareholders on the register of shareholders as of August 19, 2015. Together with the first interim dividend, the total distribution for the first half of 2015 will amount to HKD 2.20 per share, the same as in the first half of 2014.

Hang Seng Bank Mulls Acquisitions

Hang Seng Bank Limited (SEHK:11) is seeking acquisitions. Rose Lee Wai-mun, Vice-Chairman and Chief Executive of Hang Seng Bank said, "Hang Seng will continue to maintain a good relationship with Industrial Bank even after the disposal. We will use the money to finance new business lines or for when good acquisition opportunities arise.”

Hang Seng Bank Limited, H1 2015 Earnings Call, Aug 03, 2015

Hang Seng Bank Limited, H1 2015 Earnings Call, Aug 03, 2015

 

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HSNGY Competitors

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Company Last Change
Bank of Communications Co Ltd CNY6.96 CNY +0.20
Industrial Bank Co Ltd CNY14.72 CNY -0.13
King Fook Holdings $0.55 HKD -0.02
Public Bank Bhd 17.74 MYR -0.26
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Industry Analysis

HSNGY

Industry Average

Valuation HSNGY Industry Range
Price/Earnings 9.7x
Price/Sales 6.9x
Price/Book 1.9x
Price/Cash Flow 9.7x
TEV/Sales 0.4x
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