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<Research>CICC Lifts HSBC HOLDINGS (00005.HK) TP to $102.3 as Current ROE Still Offers Higher Investment Value
Recommend 32 Positive 48 Negative 25 |
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HSBC HOLDINGS (00005.HK)'s 4Q24 results slightly beat market consensus, basically in line with CICC's expectation, CICC released a research report saying. The Company is guiding its adjusted ROTE to remain at 14-16% in 2025-2027. The broker believed that the Company's current shareholder return on equity is still of higher investment value as it maintains stable earnings and sufficient capital. CICC kept its 2025 profit forecast for HSBC HOLDINGS largely unchanged, and raised its 2026 profit forecast by 4% to US$23.539 billion as the Company's net interest income is expected to remain at a higher level. The Company's current share price is trading at 1.2x/ 1.1x of 2025/ 2026 projected PB ratio each. Therefore, the broker kept rating at Outperform on the Company, and lifted its target price by 17.2% to $102.3 as the Company's visibility of delivering high earnings further improved. AAStocks Financial News |
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