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HSBC Holdings Newsroom
HSBC Holdings (00005.HK) spent 0.18 billion HKD to repurchase 2.3964 million shares on January 3.
Gelonghui, January 6th丨HSBC Holdings (00005.HK) announced that on January 3, 2025, it repurchased 2.3964 million shares for a cost of 0.18 billion Hong Kong dollars, with a repurchase price per share ranging from 74.9 to 75.7 Hong Kong dollars.
[Brokerage Focus] Morgan Stanley: Strong wealth business supports the net asset return of Banks in Hong Kong and Singapore.
Jinwu Financial News | Morgan Stanley's Research Reports indicate that despite the change in the interest rate cycle, the industry's valuation remains attractive, and the ROE will be supported by the growth of non-interest income (especially in Wealth Business). Banks have achieved a certain rating upgrade through methods such as controlling costs and returning Cash to Shareholders using excess capital generated by high ROE. However, as interest rates decline, investors are concerned whether the current ROE level can be maintained. Morgan Stanley's Emerging Markets strategy team is Bullish on financial stocks (excluding China), particularly financial stocks in Singapore, expecting these stocks to perform well by 2025.
Morgan Stanley: Among Hk Based Banks, prefers STANCHART, lowers ratings for BOC HONG KONG and HANG SENG BANK to 'Shareholding.'
Morgan Stanley released a research report stating that Hk Based Banks in Hong Kong and Singapore have performed excellently benefiting from rising interest rates, but the interest rate cycle has turned. It is expected that future growth in non-Business, especially wealth Business, will support the ROI. The bank believes that Hk Based Banks in Hong Kong and Singapore have strong Cash generation capabilities and thus remain defensive. Among Hk Based Banks in Hong Kong, the bank prefers STANCHART (02888), and has downgraded BOC HONG KONG (02388) and HANG SENG BANK (00011) ratings, both from 'in line with the market' to 'Shareholding'. The Target Price for BOC HONG KONG has been raised from HKD 100.4 to HKD 108.5.
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Morgans' investment ratings and Target Price for Hong Kong bank stocks (table)
Morgan Stanley published a research report with the investment ratings and Target Prices for bank stocks listed as follows: Stock | Investment Rating | Target Price (HKD) HSBC Holdings (00005.HK) | Shareholding | 76.8 -> 84.6 STANCHART (02888.HK) | Shareholding | 100.4 -> 108.5 BOC HONG KONG (02388.HK) | In line with the market -> Shareholding | 24.2 -> 24.7 HANG SENG BANK (00011.HK) | In line with the market -> Shareholding | 97.1
"Big Action" Morgan Stanley: Hong Kong banks prefer Standard Chartered (02888.HK), downgrades China Bank (02388.HK) and Hang Seng (00011.HK) ratings to "Shareholding".
Morgan Stanley published a report indicating that Banks in Hong Kong and Singapore have performed exceptionally well due to rising interest rates, but the interest rate cycle has turned. It is expected that in the future, the growth of non-Business sectors, especially wealth Management Business, will support the Return on Investment (ROI). The bank believes that Banks in Hong Kong and Singapore have strong cash-generating capabilities, thus remaining defensive. Among Hong Kong Banks, the bank prefers Standard Chartered (02888.HK), while lowering the ratings of BOC HONG KONG (02388.HK) and Hang Seng (00011.HK) from 'Market Perform' to 'Shareholding'. The Target Price for BOC was raised from 100.4 to 108.5, while the Target Price for Hang Seng was lowered.
January 3 repurchase collection | TENCENT, HSBC Holdings, and others have repurchased shares, with TENCENT spending 0.701 billion Hong Kong dollars.
According to a document disclosed by HKEX on January 6, TENCENT (00700.HK), HSBC Holdings (00005.HK), and others have repurchased shares. ① TENCENT (00700.HK) repurchased 1.69 million ordinary shares on January 3, involving an amount of 0.701 billion Hong Kong dollars, with a repurchase price ranging from 418.6 Hong Kong dollars to 411.2 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.234 billion shares, accounting for 2.481% of the number of shares issued at the time the ordinary resolution was passed. ② HSBC Holdings (00005.HK) on January 2
HSBC Holdings (00005.HK) repurchased nearly 6.59 million shares last Friday, involving a total investment of 0.497 billion yuan.
HSBC Holdings (00005.HK) announced that last Friday (the 3rd), it repurchased a total of 6.5865 million shares in the United Kingdom and Hong Kong markets, involving a total investment of 0.497 billion Hong Kong dollars. Among them, HSBC purchased 4.1901 million shares in the UK market, with a price ranging from 7.781 to 7.872 British Pounds, and a weighted average price of 7.8382 British Pounds per share. Additionally, it bought 2.3964 million shares in the Hong Kong Stock Exchange market, with a price ranging from 74.9 to 75.7 Hong Kong dollars, and an approximate weighted average price of 75.2085 Hong Kong dollars per share.
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On January 2, HSBC Holdings (00005.HK) spent 0.203 billion Hong Kong dollars to repurchase 2.7 million shares.
On January 3rd, GeLongHui reported that HSBC Holdings (00005.HK) announced the repurchase of 2.7 million shares for 0.203 billion Hong Kong dollars on January 2nd, 2025, with a repurchase price of 74.8-75.65 Hong Kong dollars per share.
HSBC (00005) has reduced its highest decision-making body from 19 to 13 members, announcing the completion of a phase of restructuring.
The official website of HSBC Holdings shows that its highest decision-making body has been reduced from 19 members to 13.
HSBC and BOC HONG KONG end fixed-rate mortgage plans.
According to local media reports, HSBC and BOC HONG KONG's fixed-rate mortgage plans have ended. The report cites industry insiders who indicate that the number of applicants is not enthusiastic, reflecting the lack of appeal of fixed-rate mortgage plans for customers. Checking the websites of the two banks, the application period for the fixed-rate mortgage plans extends to December 31, 2024, and the loans must also be drawn by March 31, 2025.
Express News | Hong Kong stock companies have repurchased a total of 265.7 billion HKD in 2024, with Tencent leading the pack.
HSBC Buys Back 8.2 Million Shares
January 2 repurchase summary | TENCENT, ANTA SPORTS and others have repurchased shares, among which TENCENT spent 0.701 billion Hong Kong dollars.
According to a document disclosed by HKEX on January 3, TENCENT (00700.HK), ANTA SPORTS (02020.HK), and others repurchased shares. ① TENCENT (00700.HK) repurchased 1.68 million ordinary shares on January 2, involving an amount of 0.701 billion Hong Kong dollars, with a repurchase price ranging from 424.6 to 413.8 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of securities repurchased has been 0.232 billion shares, accounting for 2.463% of the number of issued shares at the time the ordinary resolution was passed. ② ANTA SPORTS (02020.HK) on January 2.
Selected Announcements | Alibaba's buyback plan still has a remaining amount of 20.7 billion USD; GTJA plans to conduct a stock swap to absorb and merge HAITONG SEC and will send a proposal to the meeting for fundraising support.
In 2024, Qinhuangdao Port's total throughput reached 0.414 billion tons, a year-on-year increase of 5.66%; ZHAOKE OPHTH-B: The National Medical Products Administration accepted the simplified new drug application for NVK002, used to treat worsening myopia in children.
European Equities Traded in the US as American Depositary Receipts Higher in Thursday Trading
Express News | Institutions: Short-term market volatility will create buying opportunities for US Treasuries and risk assets.