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ABC Gains 2%; HSBC Research Upgrades Stock to Buy, Raises TP to HKD7.4
2026-08-31 14:08:27
ABC (01288.HK) last stood at HKD6.35 this afternoon (31st), up 2.01%, with turnover of 74.4135 million shares, involving HKD470 million.

HSBC Global Investment Research published a report on ABC, of which net profit for 1H26 lifted 7.1% YoY, with growth beating both the broker's and market expectations; PPOP mounted 13.3% YoY.

The broker upgraded the H-share to Buy from Hold, and upgraded the A-share of ABC (601288.HK) to Hold from Reduce. The H-share TP was substantially raised to HKD7.4 from HKD5.7, while the A-share TP was raised to RMB6.9 from RMB5.5.
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