CICC released a research report stating that it gave HSBC Holdings (00005.HK) a “outperforming industry” rating, with a target price of HK$76.5. On April 9, 2024, HSBC Holdings announced that its subsidiary HSBC Latin America B.V. reached an agreement with Grupo Financiero Galicia (Galicia), Argentina's largest private financial group, to sell HSBC's Argentina business. The total consideration for this transaction is US$550 million. The transaction is in the form of a combination of cash, loan notes, and Galicia shares. HSBC guidelines will reclassify the Argentine business in 1Q24, and the company expects the transaction to be completed within 12 months.
中金：予汇丰控股(00005.HK)“跑赢行业”评级 目标价76.5港元
CICC: Target price of HK$76.5 for HSBC Holdings (00005.HK)'s “outperforming the industry” rating
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