Morgan Stanley expects that there will be no significant reaction in the stock price of HSBC Holdings and believes that the announcement of the above management change will eliminate a source of uncertainty for the stock.
The Zhongtong Finance APP has learned that Morgan Stanley has released a research report stating that HSBC Holdings (00005) announced that Georges Elhedery has been appointed as Group CEO, effective September 2nd this year. The bank stated that it is generally expected to appoint an internal candidate, and Georges Elhedery is considered one of the main competitors. It is expected that there will be no significant reaction in the stock price, and this announcement is expected to eliminate a source of uncertainty for the stock. The target price is HKD 77.6 with a 'shareholding' rating.
