德银-港股-银行业-香港银行业2017年下半年前瞻：NIM趋势，股息指引仍然关键-20180220-17页

DeutscheBankMarketsResearchAsiaHongKongBanking/FinanceBanksIndustryHongKongBanksDate20February2018Results2H17preview:NIMtrend,dividendguidanceremainkeysReportingfrommid-FebthroughlateMarch________________________________________________________________________________________________________________DeutscheBankAG/HongKongDeutscheBankdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Thus,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.DISCLOSURESANDANALYSTCERTIFICATIONSARELOCATEDINAPPENDIX1.MCI(P)083/04/2017.FrancoLamResearchAnalyst(+852)22036226franco.lam@db.comToppicksDSBG(2356.HK),HKD17.26BuyDahSingFinancial(0440.HK),HKD50.00BuySource:DeutscheBankCompaniesFea