Xiaomo released a research report saying that it is necessary to maintain HSBC Holdings PLC.(00005) driven by factors such as "overweight" rating and positive growth prospects, the earnings forecast for the whole of this year will be raised by 3% in 2022 / 23, and the target price will be raised from HK $52 to HK $57.

According to the report, the company's third-quarter results exceeded market expectations, and management and analysts held optimistic views on future growth, asset quality and capital management. The bank pointed out that the interest rate increase led to an improvement in the interest rate outlook, coupled with the fact that currency controls said there would be further buybacks and had confidence in the quality of the assets.