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Central Plains Mortgage: The number of mortgage registrations in Hong Kong in January rose by 19% month-on-month to 540, reaching a six-month high.
In January of this year, Hong Kong's Banks recorded a total of 540 mortgage registrations, representing a month-on-month increase of 19.2%, marking the second consecutive month of growth and a six-month high.
HANG SENG BANK: Forecasting Hong Kong's economic growth of 2.5% in 2025.
Jinwu Financial News | HANG SENG BANK's Economic Research Department published its economic outlook for 2025, predicting a 2.5% growth in Hong Kong's economy for that year. HANG SENG noted that Hong Kong's unemployment situation is expected to remain stable in 2024, rising from 2.9% at the beginning of the year to 3.1% at the end, slightly higher than the same period last year at 2.9%, while the average unemployment rate over the ten years before the pandemic outbreak in 2020 was approximately 3.3%. The unemployment rate is rising moderately, with employment numbers recording only slight growth in the past year, increasing by 4,800 to 3.719 million people in December. A major structural challenge facing Hong Kong's labor market is the decrease in labor supply.
HANG SENG BANK To Go Ex-Dividend On March 5th, 2025 With 0.41153 USD Dividend Per Share
Hong Kong Banks Face Rising Risks Amid Prolonged Property Slump, Moody's Warns
Citi: Assigns HANG SENG BANK a "Neutral" rating with a Target Price of 97 HKD.
Citi released a Research Report stating that it gives HANG SENG BANK (00011) a "neutral" rating, with a Target Price of 97 Hong Kong dollars. HANG SENG BANK has not announced a new buyback plan, disappointing the market and lacking short-term catalysts. Although its profit performance last year exceeded expectations, non-interest income was robust and cost control was good, there are issues with asset quality deterioration. However, Citi also stated that HANG SENG BANK's profit performance last year exceeded expectations, non-interest income was robust and cost control was good, believing that the market has limited downward space for 2025, as the recent stock market rebound may continue to drive fee growth, and the growth of AIEA may also largely contribute.
Citi: Assigns HANG SENG BANK (00011) a 'Neutral' rating with a Target Price of 97 HKD.
Citi also stated that HANG SENG BANK's profit performance last year exceeded expectations, with strong non-interest income and good cost control, believing that there is limited downward space for the market in 2025.
