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| HSI1 | 26,149.31 | -309.64 | 268.27B |
| HSCEI1 | 9,039.34 | -99.41 | 94.06B |
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2026-01-07 09:58:15 DBS Group Research published a research report maintaining an optimistic outlook for HSBC HOLDINGS (00005.HK)'s FY2026 revenue and earnings growth, based on three major factors: 1) the downside risk to net interest income will be offset by favorable factors such as structural hedging and lower liability costs; 2) non-interest income will maintain strong growth momentum. The broker expected Hong Kong's capital market to remain robust in FY2026, and credit costs should be manageable as there are no significant signs of deterioration in Hong Kong's commercial real estate (CRE) credit risk. Based on the optimistic earnings outlook, DBS Group Research assumed HSBC HOLDINGS' return on equity (excluding special items) for FY2026-2027 to be around 16%, despite a decline from the high base of FY2025. HSBC HOLDINGS is estimated to resume its share buyback program later this year, and the total stock return for FY2026 is projected to consistently exceed 6%. Therefore, the broker reiterated rating at Buy for HSBC HOLDINGS, and elevated its target price from $113.7 to $139.2, equivalent to a predicted FY2026 PB ratio of 1.47x. ~ AASTOCKS Financial News Website: www.aastocks.com | |