The Zhitong Finance App learned that Hang Seng Bank (00011) will announce last year's results next Tuesday (February 23). It is expected that due to the pandemic, provision expenditure will rise (estimated average increase of more than 63%) and operations will be challenged. Five brokerage firms forecast Hang Seng Bank's adjusted profit forecast for 2020 (adjusted profit by 27.8% to 34.8 for deductions related to additional Tier 1 capital notes), ranging from $15.931 billion to $17.638 billion, down from $24.421 billion in the same period in 2019. The median decrease of $16.65 billion was 31.8 billion yuan year-on-year. %.

Investors are concerned about Hang Seng dividends. Four brokerage firms forecast Hang Seng Bank's dividend forecast for 2020 to be between 4.7 yuan and 5.5 yuan, down 33% to 49% year on year, with a median of 5.5 yuan down 33% year on year.