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Cone Marshall and Delta Asia Financial Group Join Forces to Launch Delta Asia Cone Marshall (DACM) Family Office Advisory
S&P Affirms Asia Insurance's A Ratings
Zhixintong Hong Kong stock repurchase statistics | September 27th
Hong Kong stock buyback statistics | September 27th
Goldman Sachs: Lowering target price for Hong Kong local bank stocks and maintaining a "sell" rating for Hang Seng Bank.
Goldman Sachs released a research report stating that after factoring in the expected losses of Hang Seng Bank, the average earnings per share forecast for local banks in Hong Kong from 2024 to 2025 is expected to decrease by 5%-8%. However, the earnings per share for the 2026 fiscal year is expected to remain relatively unchanged. They maintain a 'buy' rating for Stanchart (02888), boc hong kong (02388), and HSBC Holdings (00005), as well as a 'sell' rating for Hang Seng Bank (00011). The report points out that due to the risk exposure of commercial real estate in China Hong Kong and China Mainland, the non-performing loans of local banks in China Hong Kong have been rising. Hang Seng Bank's non-performing loan ratio in the first half of this year has reached the highest level in 30 years.
ASIA FINANCIAL: 2024 INTERIM REPORT
Asia Financial (00662.HK) repurchased 2000 shares on August 26th.
Asia Financial (00662.HK) announced on August 26th that it will repurchase 2000 shares for HKD 7000 on August 26th, 2024, at a repurchase price of HKD 3.5 per share.
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