According to a research report, J.P. Morgan Chase raised the earnings estimates for HSBC Holdings (00005) by 5% and 6% in the 2025 and 26 fiscal years, and raised the target price by 5% to HK$90 to maintain an “gain” rating.
Foreign exchange control is one of the preferred stocks because in the next 12 months, the stock's dividend and share repurchase yield should reach 12%, which is the highest level among banks covered by the bank, and strong shareholder returns provide stability. On the other hand, according to the bank's analysis, local commercial real estate asset quality risk and tax rate increases in Hong Kong are manageable.
