share_log

小摩:重申汇丰控股(00005)“增持”评级 目标价86港元

Morgan Stanley reaffirms a "shareholding" rating on HSBC Holdings (00005) with a target price of 86 Hong Kong dollars.

Zhitong Finance ·  Oct 30 17:32  · Ratings

JPmorgan believes hsbc holdings can provide double-digit normalized ROTE after the rate cut.

According to the financial news app, JPMorgan released a research report stating that HSBC Holdings (00005) outperformed expectations in the third quarter, but because the market is still waiting for more digital guidance on the restructuring, the stock price may trend sideways in the short term. The bank maintains its target price of 86 Hong Kong dollars for HSBC Holdings, reiterating a 'shareholding' rating, believing that it can provide double-digit normalized ROTE after the rate cut.

The bank pointed out that after excluding one-time losses from early redemption of securities, net interest income in the banking business remained relatively stable compared to the second quarter, resulting in a net interest margin for the banking business 1% higher than expected. Net interest income, fee income, and capital performance exceeded expectations. In addition, the group's CET1 ratio is 15.2%, higher than the expected 14.9%, leaving room for future shareholder returns to increase. As for the group's announcement to repurchase $3 billion worth of stocks, it is in line with expectations. However, impairments were 15% higher than expected.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment