Glonghui, Feb. 23 | J.P. Morgan Chase released a report saying that after HSBC Holdings announced the fourth quarter results, Motong lowered its earnings estimates per share for the 2024-2026 fiscal year by 6%, 3%, and 3%, respectively. The reason was that net interest income forecasts were lowered and cost assumptions were slightly raised, but the fiscal year 2024 provision assumptions declined slightly, offsetting part of the impact. The bank has made no adjustments to the forecast for the repurchase of Huikong shares. Currently, it is expected to announce a special dividend of $0.21 per share in connection with the disposal of the Canadian business at the same time as announcing the second-quarter results. Due to the profit reduction, Motong lowered the target price of Hong Kong Stock Exchange Control from HK$81 to HK$74, but it still maintained an “increase” rating because it saw management's firm and clear commitment to maintaining ROTE and return on capital through repurchasing shares and paying dividends.