According to the news app, Goldman Sachs released a research report stating that it maintains a "sell" rating on Hang Seng Bank (00011) and sets the target price at HKD 107. The company’s performance in the first half of this year met expectations, and earnings per share were 3% higher than expected by the bank.

The report stated that Hang Seng did not announce a new repurchase notice today (31st), and the company's management is exploring all possibilities. The current buyback action will end on September 9th of this year. Goldman Sachs stated that Hang Seng's revenue growth in the first half of this year was 1% lower than expected; net interest income was 3% lower than expected; non-interest income was 8% higher than expected; cost expenses were 1% lower than expected; pre-provision profit growth was consistent with the bank's expectations; credit costs were 45 basis points lower than expected; and the Tier 1 capital adequacy ratio was lower than expected at 17.8%.