Glonghui, Feb. 22 | According to Citibank's report, Hang Seng Bank's net profit for the second half of last year was HK$7.6 billion, down 20% from half year to year, up 42% from year to year, higher than market expectations of 7%. Revenue fell 1%, while costs fell 5%. Provisional expenditure for the second half of last year was HK$4.3 billion, up 125% from half year to year, and decreased by 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 HK$3.2 per share. The annual dividend payout ratio was 72%, and the dividend ratio was approximately 8%. The bank rated it “neutral” and the target price was HK$84.
大行评级｜花旗：恒生银行去年下半年业绩胜预期 派息比率胜预期
Bank Ratings | Citibank: Hang Seng Bank's performance in the second half of last year beat expectations, dividend ratio beat expectations
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