Credit Suisse lowered its target price for China Overseas to HKD14.8 and maintained the "shareholding" rating.

Morgan Stanley has released a research report, lowering China Overseas' (00688) core earnings forecast by 10% for 2024, 9% for 2025, and 7% for 2026. The target price was also lowered by 3.9%, from HK$15.4 to HK$14.8, with a 'shareholding' rating. According to the report, due to the continuous decline in property prices, the decrease in profit margin and weak sales growth of China Overseas, the group's contracted sales forecast for this year has been lowered by 10% to 276.4 billion yuan. In addition, the bank lowered the gross margin forecast for 2024 to 2026.

新浪港股03:15 ET

HSBC is rated "Synchronize with the market" by Daiwa, with a target price of HKD 97.1.

Morgan Stanley released a research report stating that it rates Hang Seng Bank (00011) as "in sync" with the market, and is expected to announce its interim performance at the end of the month. It is expected that the bank may announce further share buyback plans, and it is predicted that its stock price will rise by 6%. Conversely, if no action is taken, the stock price may fall by 3%, with a target price of HKD 97.1. Deutsche Bank expects that, under the first assumption, if Hang Seng can raise its CET1 to about 16.5%, slightly higher than the average level since 2015, it is estimated that there will be about 14.5 billion yuan of surplus capital. Following the bank's earlier statement of "considering all ways to return surplus capital to shareholders," it is expected that

新浪港股23:30 ET

Banks Profit as M&A Stirs, but Consumer Loans Pose Risks

Wall Street is back. Main Street? Not so much. That's the big takeaway after the largest U.S. financial institutions reported this earnings season.

Barron'sJul 19 22:16 ET

DBS: Rated "shareholding" for Sunway Optics with a target price of HKD 59.

Morgan Stanley's research report stated that it is expected that the positive earnings performance of Sunny Optical Technology (02382) will have a positive response on the stock price, believing that investors will pay more attention to the company's business prospects in the second half of the year. The stock is rated as 'shareholding' with the target price of HK$59. The report stated that due to the realized cyclical industry recovery, the industry catalyst is whether AI smartphones can trigger the next product cycle, and whether Sunny Optical can seize this growth opportunity. The industry also expects that the growth prospects of automotive lenses will affect Sunny Optical's valuation.

新浪港股23:29 ET

Morgan Stanley Executive Chairman James Gorman Sells 26% Of Holding

Some Morgan Stanley (NYSE:MS) shareholders may be a little concerned to see that the Executive Chairman, James Gorman, recently sold a substantial US$21m worth of stock at a price of US$105 per share.

Simply Wall StJul 21 08:47 ET

Financials Dominate in Q2 as Wall Street Slides Amidst Concerns on Tech - Earnings Scorecard

Seeking AlphaJul 20 15:58 ET