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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.
Friedrich raised the target price of boc hong kong (02388.HK) to 27 yuan, reaffirming a preference for top picks like Standard Chartered (02888.HK) and HSBC (00005.HK) among international banks.
Futu Securities' report indicated that the market's main focus on Hong Kong banks next year remains largely unchanged, still centered on interest rate normalization and Hong Kong real estate. For Hong Kong and Singapore banks in the medium to long term, overseas expansion will be the main driver of growth and profitability. The bank pointed out that the latest Basel Agreement implementation is positive for funding, increasing demand for more aggressive returns. The bank remains bullish on international banks (Standard Chartered (02888.HK) and HSBC (00005.HK)), favoring Singaporean banks over Hong Kong banks. Additionally, the bank expects the prime rate to fall to 5% in the first quarter of next year, benefiting asset quality.
The Hong Kong Monetary Authority has proposed to initiate public consultation on optimizing the Banking Ordinance.
The Monetary Authority today (5th) initiated a public consultation on the proposal to optimize the Banking Ordinance (Cap. 155), which will conclude on January 28 next year. The Monetary Authority had previously completed public consultations on two optimization proposals, namely streamlining the three-tier banking system to a two-tier system and allowing authorized institutions to exchange information regarding customers, accounts, and trades to prevent and detect financial crimes. The summaries of these consultations were published on August 5 and September 30 of this year, respectively. Additionally, the Monetary Authority is reviewing the enforcement powers of the Financial Management Commissioner and consulting with the industry. Today's consultation document from the Monetary Authority covers three other areas of review of the Banking Ordinance.
Goldman Sachs has listed a buy list for Hong Kong stocks based on a reassessment of earnings leading indicators (ERLI) in the report.
Goldman Sachs released its strategy report for the Asia-Pacific region at the beginning of this month, listing the latest buy stocks (only Hong Kong stocks) according to the earnings revision leading indicator (ERLI) criteria: AIA (01299.HK), CCB (00939.HK), HKEX (00388.HK), Ping An Insurance (02318.HK), Techtronic Industries (00669.HK), China Life (02628.HK), ckh holdings (00001.HK), BOC Hong Kong (02388.HK), and ZTO Express (02057).
The coverage of the suspicious account warning mechanism has been expanded to include automatic teller machine trade.
The Hong Kong Monetary Authority announced today (5th) in collaboration with the police and the banking association, expanding the scope of "suspicious account alerts" to cover transactions at ATMs, including cash deposit machines. The 22 participating banks will gradually implement the alert mechanism at ATMs starting from December 8th and provide details to their customers. With the expansion of the coverage of the suspicious account alert mechanism to bank ATMs, it will cover the majority of citizens' daily fund transfers. Whether customers conduct transfers or deposits at bank branches, ATMs, or online banking, once the recipient's account number, phone number, email address, or FPS identifier matches the search results of the police anti-fraud trap.
JPMorgan's rating: Maintain a cautious optimistic attitude towards the financial industry. Most optimistic about Futu, HSBC, and Standard Chartered.
Grants 5th of December | JPMorgan issued a report stating that it maintains varying degrees of cautious optimism towards the financial industry as a whole, with particular optimism towards Futu, HSBC Holdings, and Standard Chartered. JPMorgan believes that BOC Hong Kong and Hang Seng Bank have limited upside potential before the announcement of their performance in the 2024 fiscal year. The bank noted that the mainland banking industry is mixed, with the resistance brought by the narrowing net interest margin in 2025 possibly being partially offset by the recovery of retail business and loans. For Hong Kong banks, potential obstacles include tariffs, continued interest rate cuts, and commercial property in Hong Kong, while the highlight is the growth in service fee income, indicating potential upside for shareholder returns.
