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2025-07-31 11:11:19 After tumbling by 7.4% yesterday (30th), HANG SENG BANK (00011.HK) continued to trend downward this morning. It last traded at HKD113.1, down 0.6%. The bank announced its interim results at noon yesterday. Its pre-tax profit dived by 28.4% YoY to HKD8.097 billion, while its net profit receded by 30.5% YoY to HKD6.88 billion, falling short of the forecast range of HKD7.692-8.3 billion from three brokers as consolidated by our reporters. The EPS came in at HKD3.34. Broker | Investment Rating | Target Price (HKD) Citi | Buy | 135 Goldman Sachs | Neutral | 114 -> 118 UBS | Neutral | 112 CICC | Neutral | 109.5 JPMorgan | Neutral | 112 -> 109 BofA Securities | Underperform | 102 -> 93.6 Morgan Stanley | Underweight | 93 HKD Broker | Viewpoint Citi | Interim credit costs missed, with NPL ratio for HK commercial real estate rising to 20% Goldman Sachs | Higher credit costs far above expected impairment provisions, and losses in HK commercial real estate pushed credit costs to higher levels UBS | Higher credit costs dragged down net profit, but HKD3 billion buyback plan in line CICC | Risks in HK real estate weighed on profits JPMorgan | Excessively high credit costs dragged down interim results, with impairment provisions far above expectations BofA Securities | High credit costs dampened net profit Morgan Stanley | High credit impairment provisions led to disappointing interim net profit ~ AAStocks Financial News Web Site: www.aastocks.com | |