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HKMA Launches Generative AI Sandbox for Banks
HANG SENG BANK: Next year, USA enterprises will benefit from tax cuts and a more comprehensive Sector profitability recovery.
HANG SENG BANK's Chief Investment Officer of Wealth Management, Liang Junfei, stated that the latest dot plot from the Federal Reserve indicates that it is expected to slow down the rate of interest rate cuts to 2 times next year (compared to the previous expectation of 4 times in September), and further cuts of 2 times are expected in 2026 (consistent with the September forecast). Long-term interest rate predictions have slightly increased to 3%.
Hong Kong Central Bank Cuts Interest Rate Tracking Fed Move, Banks Follow
Hang Seng Bank (HKG:11) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Rallies 4.1% This Past Week
Goldman Sachs: Maintains a "Sell" rating on Hang Seng Bank (00011), target price raised to HKD 98.
Goldman Sachs expects that Hang Seng Bank's new round of 3 billion HKD share buyback plan will be announced in the annual performance.
Friedrich: Maintains boc hong kong "buy" rating, target price raised to 27 Hong Kong dollars.
Futu Research released a research report maintaining a "buy" rating on BOC Hong Kong (02388), with the target price raised from 26.5 Hong Kong dollars to 27 Hong Kong dollars. The bank remains bullish on international banks Stanchart (02888) and HSBC Holdings (00005), followed by Singapore banks more than Hong Kong silver. In addition, the bank expects that the most favorable interest rates will fall to 5% in the first quarter of next year, maintaining caution on asset quality. The bank pointed out that BOC Hong Kong's performance in the third quarter confirmed its view that market expectations were too conservative. Although uncertainty may limit the short-term PE ratio potential, the medium-term outlook remains relatively robust.
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