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2009-6-11 03:49:00 p.m. HKT, XFNA
DJ MARKET TALK:Any Further Markdowns At DSBG Likely Immaterial-TF
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| 1530 [Dow Jones] STOCK CALL: Taifook says Dah Sing Banking Group (2356.HK) has taken a defensive stance since sharp deterioration in economic environment in 2H08. "Asset quality has remained stable since the beginning of the year even as the group has seen its loan portfolio contract year-to-date in line with the industry." Notes, having provided for 91% of its externally managed treasury investments, further markdowns, if any, will likely be immaterial. Keeps at Buy, target at HK$9.10. Stock +2.1% at HK$7.74; HSI down 0.5%. (SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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