On September 18, MINSHENG BANK declined 3.08% in regular trading, trading at 3.485 HKD/share, with turnover of approximately 44.13 million HKD. The stock has continued to weaken following its mid-year ex-dividend date on September 15 and has yet to achieve a fill of the dividend gap.
On the news front, MINSHENG BANK completed its half-year dividend distribution on September 15, paying 0.118 yuan per share (pre-tax), totaling approximately 5.166 billion yuan. Since the ex-dividend date, the stock has posted consecutive sessions of decline. Meanwhile, the bank's interim results revealed mounting asset quality headwinds: first-half net profit attributable to shareholders fell 8.62% year-over-year to 19.537 billion yuan, driven by a significant increase in credit impairment losses. Credit card non-performing loan ratio climbed 0.35 percentage points from year-end to 4.22%, ranking among the highest for listed banks, while the retail segment swung to a loss as personal loan NPLs rose to 2.01%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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