Earning of Dao Heng brings brilliant prospects

Due to cancellation of rate agreement in the middle of the year, charging bank service has been main tendency and attraction of relevant bank service will directly impact profit outlook of banks. Among all banks in Hong Kong, Dao Heng Bank (0223) deserves more consideration.Besides general banking service, Dao Heng provides bonds trading service. Bonds market would be more active than before with the background of US rate-cut period. Another key product is high-rate Equity Linked Deposit with only HK$ 200,000 gate money, which sees developing potential growth for drawing much attention of retail investors.Dao Heng is to post interim earnings and is expected to have recorded satisfactory growth for the revival of housing market in the second half of 2000.

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