 |
|
  |
2009-5-11 10:23:00 a.m. HKT, XFNA
DJ MARKET TALK: HK Banks 1Q Interest Margin, NPLs Likely Up - JPM
|
| |
| 1012 [Dow Jones] JPMorgan says DBS Group's (D05.SG) HK unit 1Q results have 2 implications for HK banks: expanding net interest margin, falling asset quality of small-to-medium enterprises. House says NIM expands on widened prime-HIBOR spreads, improved loan pricing, treasury contribution. But adds, "we remain generally cautious on asset quality of the Hong Kong banks." DBS HK 1Q NIM +9 bps to 1.91%, NPLs rise to 2.6% vs 1.7% end-2008. House prefers banks of larger market capitalization; keeps Overweight on Hang Seng Bank (0011.HK), BOC Hong Kong (2388.HK), ICBC Asia (0349.HK); doesn't state targets. (ARP) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=yzXZ6U%2Fy0S%2Bh0LpkpxNlgQ%3D%3D. You can use this link on the day this article is published and the following day.
(Delayed by 1 hour)
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
