UBS released a research report stating that it gave Hang Seng Bank (00011.HK) a “neutral” rating and raised the profit forecast for this year to 2028 by 4% to 13%, reflecting a favorable high interest rate environment for net interest spreads. Hang Seng Bank maintains a cautious view on the risk of bad loans for commercial real estate in the Mainland and Hong Kong, and expects credit costs to be high this year. The target price was raised from HK$86.5 to HK$94.5. The company announced a share repurchase of 3 billion yuan, a major surprise before announcing its first interim dividend in early May.
瑞银：予恒生银行(00011.HK)“中性”评级 目标价上调至94.5港元
UBS: The target price for the “neutral” rating for Hang Seng Bank (00011.HK) was raised to HK$94.5
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