HSI1 17,444.30 0.00 --
HSCEI1 6,105.54 0.00 --
Back    Zoom +    Zoom - Block Traded
HANG SENG BANK (00011.HK) Ratings, TPs (Table) (Update)
2024-07-26 15:03:01
HANG SENG BANK (00011.HK) will release its interim results for 2024 next Wednesday (31 July).

Under the challenges of Hong Kong's macro-economy and dragged down by the decline in loan growth and HoH drop in net interest margin, HANG SENG BANK's 2024 interim pre-tax profit is expected to be in the range of $10.225 billion to $10.977 billion, down 0.1-6.7% from $10.961 billion in the interim period of 2023, as forecasted by 4 brokers summarized by our reporters. The median was $10.499 billion, down 4.2% YoY.

The table below sets out the ratings and target prices of 6 brokers:

Broker│ Rating│ TP

Citi│ Neutral│$109 -> $106
Goldman Sachs│ Sell│$107
BofA Securities│ Buy│$103.5
Jefferies│ Hold│$100
Morgan Stanley│ Equalweight│$97.1
UBS│ Neutral│$94.5
~



AAStocks Financial News
Web Site: www.aastocks.com