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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Hang Seng Bank Limited    11   HK0011000095

HANG SENG BANK LIMITED

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Hang Seng Bank : Net Profit Inched Higher in 2019

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02/17/2020 | 11:51pm EDT

By Martin Mou

Hang Seng Bank Ltd. said its net profit for 2019 increased 3.0% on higher net interest income.

Net profit was 24.84 billion Hong Kong dollars (US$3.2 billion) and net operating income rose 6.0% to HK$43.51 billion, the Hong Kong lender said in an earnings statement on Tuesday.

Net interest income climbed 7.0% to HK$32.26 billion and non-interest income was 1.0% higher at HK$11.26 billion, Hang Seng said.

The bank's net interest margin rose to 2.20% from 2.18% in 2018.

However, the bank says the operating environment became increasingly challenging in the second half of 2019 due to trade uncertainties, leading to broadly weaker results compared with the first half.

Net operating income for the second half fell 6% on year to HK$21.11 billion due to a decline in non-interest income, it said.

 

Write to Martin Mou at martin.mou@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
HANG SENG 2.43% 23739.27 Real-time Quote.-17.78%
HANG SENG BANK LIMITED 2.44% 134.2 End-of-day quote.2.21%
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Financials (HKD)
Sales 2019 44 085 M
EBIT 2019 31 005 M
Net income 2019 25 138 M
Debt 2019 -
Yield 2019 5,95%
P/E ratio 2019 10,3x
P/E ratio 2020 12,0x
Capi. / Sales2019 5,82x
Capi. / Sales2020 6,16x
Capitalization 257 B
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Technical analysis trends HANG SENG BANK LIMITED
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Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 10
Average target price 145,27  HKD
Last Close Price 134,20  HKD
Spread / Highest target 35,6%
Spread / Average Target 8,25%
Spread / Lowest Target -18,0%
EPS Revisions
Managers
NameTitle
Wai Wan Cheang Vice Chairman & Chief Executive Officer
Kuo Fung Ch'ien Independent Non-Executive Chairman
Eunice Chan Chief Operating Officer
Wing Lok Leung Chief Financial Officer
Cho Chak Chan Independent Non-Executive Director
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