HK banks to suffer from rising bad credit card debt

HK banks with strong credit card businesses may suffer from rising bad credit card debt. It is estimated that net charge-off rate (gross amount overdue for 3-months minus bad debt recovered during period) may reach 5% by year-end. Investors may start reexamining their preference for banks such as now-delisted Dao Heng and Dah Sing Financial (0440) , who have outperformed peers because

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