The Zhitong Finance App learned that Citibank released a research report stating that it gave Hang Seng Bank (00011) a “neutral” rating, with a target price of HK$84. The company's net profit for the second half of last year was 7.6 billion yuan, down 20% from half year to year, up 42% year on year, higher than market expectations of 7%. Revenue fell 1%, while costs fell 5%. Provisional expenditure for the second half of last year was 4.3 billion yuan, up 125% from half year to year, down 23% year on year, better than market expectations of 4%. The common equity Tier 1 capital ratio (CET1) improved 1.3 percentage points from the first half of the year to 18.1%. The fourth interim dividend was $3.2 per share. The annual dividend ratio was 72%, and the dividend ratio was about 8%.