share_log

港股异动 | 汇丰控股(00005)早盘跌超4% 美联储降息或令收入承压 机构看好公司经营对冲利率下行周期影响

HK stocks fluctuate | HSBC Holdings (00005) fell more than 4% in early trading, and US Fed interest rate cuts may put pressure on revenue. Institutions are bullish on the company's operation to hedge against downward cycles in interest rates.

Zhitong Finance ·  22:26

Hsbc Holdings (00005) fell more than 4% in early trading. As of press time, it fell 3.96% to HKD 65.6, with a turnover of HKD 1.334 billion.

According to the Zhongtong Caijing APP, Hsbc Holdings (00005) fell more than 4% in early trading. As of press time, it fell 3.96% to HKD 65.6, with a turnover of HKD 1.334 billion.

On the news front, Federal Reserve Chairman Powell said that a rate cut in September "may be on the table" and that the committee's consensus is gradually moving toward a rate cut, which could come as early as September. Analysts said that HSBC has benefitted from the Fed's rate hikes in the past, but as expectations of rate cuts increase, the bank may face revenue challenges in a lower interest rate environment.

China Securities Co.,Ltd. pointed out that the company is expected to partially offset the impact of the upcoming interest rate downward cycle to some extent, with strong interest rate hedging, support of credit costs downward and stable cost of goods sold. At the same time, the 3 billion USD repurchase plan in the third quarter was implemented as scheduled. Assuming a total repurchase amount of 10 billion USD in 2024, the corresponding shareholder cash return rate reached as high as 15.3%, with significant advantages in high dividends.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment