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大新銀行料中小企信貸質素轉差 暫無違約個案

12/12/2019
本港示威浪潮以及中美貿易戰等外圍因素多路夾擊,令以飲食及零售業為首的中小企遭受沉重壓力。大新銀行產品部總經理及主管鄧子健預料,中小企的信貸質素有機會進一步轉差,令該行相關貸款錄得跌幅。

《逃犯條例》引發的政治風波,至今已接近6個月。鄧子健表示,下半年以來該行中小企貸款按年大致持平,暫時未有企業客戶債務違約,雖然曾有個別的收單零售客戶於下半年倒閉,但近日情況已回復平靜。

他續稱,基於假期及租金調整因素,飲食業多於農曆新年後面臨較大經營壓力,估計明年2月左右業界會受更大挑戰。他預料,明年初中小企信貸質素將持平或輕微轉差,令該行中小企貸款有所下跌。

連結



年尾資金緊 港元一度抽升百點子

12/12/2019
今年本港銀行體系總結餘縮至約500億元,但臨近年底,各間銀行需要資金以備年結,因此進入12月以來拆息回升。港匯昨在下午3時後,自7.825急升約100點子(1元等於1萬點子),截至晚上8時半報7.8124,上升143點子,為7月底以來的高位,升幅亦為8月初以來最大。

相對去年美元拆息高於港元拆息,當時借入港元持有美元資產可獲得利潤,不過昨日港元1個月港元拆息報2.48071厘,較美元同期拆息的1.73563厘高出約74.5點子(1厘等於100點子)。彭博行業研究亞洲貨幣及利率策略師趙志軒認為,港元利率較高,推動交易員平港元沽倉,因為年底假日難以找到交易對手平倉,交易員可能提早進行。

昨日港元拆息除隔夜期外,均大致平穩。隔夜拆息報1.2厘,比前日上升7.57點子。

雖然1個月拆息變幅不大,上升0.61點子,不過踏入12月以來1個月拆息保持在2.5厘附近,比11月25日,阿里巴巴完結招股時的近期低位,上升了0.51厘。至於其他時期拆息,1周拆息報1.48893厘,3個月拆息報2.35464厘,均維持在近日高位。

連結


Fitch Ratings: Weaker Environment Exacerbates Challenges for APAC Banks

11/29/2019
Bank ratings in China, Hong Kong, Korea and Singapore remain stable, reflecting either external support (sovereign or institutional) or the banks' intrinsic financial profiles having adequate buffers at current rating levels to weather expected deterioration in 2020. Nevertheless, downside risks exist, due to external challenges and, in Hong Kong's case, an economy hit hard by social unrest. Increasing exposure to faster-growing emerging markets is likely to add to pressure, but this may only become more evident when the operating environment is less benign. This is also the case for Japanese banks, and comes on top of structural challenges to their domestic operations, which are likely to continue dragging on earnings and internal capital generation.

Link

Harold Wong agreed to purchase 1.07% shares from MUFG?

11/27/2019

According to HKEX disclosure, Harold Wong Tsu Hing seems to agree of purchasing the shares of Dah Sing Financials over the counter from MUFG Bank by cash on 20th November. The record showed Harold Wong's holding would add 3,413,267 shares, from 126,189,187 shares (39.49%) up to 129,602,454 shares (40.56%). The cost is 28.66 per share which is about HKD 97,824,232 in total.

But interestingly, the shares of second largest shareholder MUFG is shown as unchanged at 35,370,777 shares (11.07%). Though HKEX describes MUFG's filing as"you have entered into an agreement for the sale of shares in which you are interested but are not required to deliver them within 4 trading days." We have to observe any real change of shares in the following days.

If there is a 1.07% change of shareholdings in Dah Sing Financials, the related parties should clarify as well.

Harold Wong is the son of David Wong. Wong's family is the major shareholder of whole Dah Sing Group.

Hong Kong Turmoil Hurts $3 Billion Fubon Bank Unit Sale

10/30/2019
Negotiations with potential buyers, mostly from mainland China, have slowed in recent months and it will probably take longer to reach a deal, the people said, asking not to be named because the talks are confidential. Twenty-one straight weekends of protests are giving companies pause on potential investments in Hong Kong, the people said.

Still, the sale process hasn’t officially been shelved. Both Fubon and potential buyers remain interested in reaching an agreement, the people said.

Link

大新銀行推年息最低1.68厘計劃 料年底前呆壞賬或上升

10/30/2019
大新銀行(2356)宣布推出交稅「快應錢」計劃,實際年利率最低1.68厘。大新銀行產品部總經理及主管鄧子健表示,由於港元拆息按年升幅達70點子,加上年底前呆壞賬上升的風險偏高,稅貸息率有所調高。

鄧子健出席記者會時稱,年初至9月底止,本港無抵押私人貸款市場錄得按年跌幅,但相信隨着年底稅貸優惠面世,有望帶動數據反彈,不過預料全年計私人貸款需求仍較遜色,難以達到中高單位數增長。

連結


HSBC Profit Misses Estimates; Bank Drops Profitability Goal

10/28/2019
Europe’s largest lender, reporting results for the first quarter since the ouster of former chief John Flint, said adjusted pretax profit fell 12% to $5.3 billion. HSBC also walked away from a target for return on tangible equity of more than 11% in 2020, even as it credited operations in Asia with holding up despite challenges in the region. The stock slumped.

In Hong Kong -- a market that’s a key driver of HSBC’s earnings -- adjusted pretax profit inched up 1% in the quarter to $3 billion. That may provide some relief for investors who have feared the unrest would eat into business there. However, the bank also flagged a credit charge of $90 million to reflect a deteriorating economic outlook in the city.

“Overall we are pretty comfortable with our credit positions in Hong Kong,” Stevenson said. “The one area we are watching more closely than others is just the smaller end of SMEs,” he said, referring to small- and medium-sized companies.

Link

東亞李民橋:冀社會儘快回復平靜、有序  離岸戶口查詢增

10/25/2019
反修例示威持續,近月開始有針對中資銀行分行及設施的破壞。東亞銀行 (00023) 聯席行政總裁李民橋表示,示威活動暫時未見影響業務,但若有關事件持續,對香港經濟的影響將會更大,期望社會儘快回復平靜、有序。

李民橋表示,金管局早前降低逆周期緩衝資本,可釋放更多流動性,今年以來該行整體貸款錄得中單位數增長,目前未見貸款需求下降,資產質素亦無惡化跡象。

東亞個人銀行處主管黃妮妞指,近月客戶對開立離岸戶口的查詢有增加,但整體開戶數量未見大幅增長。她又透露,今年以來銀行持續吸納新客戶,當中中高端客戶更錄得雙位數增長。

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