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<Research>HTSC Elevates HSBC HOLDINGS (00005.HK) TP to $112.25, Keeps Rating at Buy
Recommend 13 Positive 22 Negative 11 |
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Under adjusted caliber, HSBC HOLDINGS (00005.HK)'s 1H25 revenue grew 5.7% YoY, while its profit before tax increased by 5.1% YoY, with a growth rate accelerating +1.5 ppts/ -3.8 ppts from 1Q25, Huatai Securities released a research report saying. Given the organizational restructuring that enhances operational efficiency, the broker kept rating at Buy. Due to strong non-interest growth momentum but increased provisions, Huatai Securities forecasted 2025-2027 EPS to be US$1.23/ US$1.28/ US$1.34 each, up 0%/ 0%/ +1% from the previous value, and believed that the Company's wealth management outlook is promising. Therefore, the broker assigned a target PB ratio of 1.25x for 2025, and elevated its target price from $98.19 to $112.25. AASTOCKS Financial News Website: www.aastocks.com |
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