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大行评级|大摩:香港银行股首选汇丰 目标价上调至78.4港元

Bank Ratings|Daimo: Hong Kong Bank Stocks Preferred HSBC's Target Price Raised to HK$78.4

Gelonghui Finance ·  Dec 12, 2023 11:24
Glonghui, December 12 | According to a research report published by Morgan Stanley, investors are worried recently, pointing out that the bank's RoE is higher than the recent average, and the return on capital to shareholders will continue. It is expected that there is room for growth in the stock prices of some shares. HSBC Holdings is preferred to maintain an “increase in holdings” rating. The target price was raised from HK$72.9 to HK$78.4. Damo believes that although credit charges are expected to rise this year, overall credit risk in the banking sector is manageable. The bank also expects that most bank stocks will continue to raise the level of capital allocation. A dividend return of 6% or more is expected to support stock prices, while HSBC and Standard Chartered have plans to repurchase, which will also support earnings growth per share and return on net assets. Da Mo's ratings for BOCHK and Hang Seng are “in sync with the market”. BOCHK's target price was lowered from HK$26.8 to HK$24.1, and Hang Seng's target price was lowered from HK$111.6 to HK$90.5. Tai Mo also gave Standard Chartered an “increase in holdings” rating, and the target price was raised from HK$83.5 to HK$86.4.

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