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HSBC Holdings (00005.HK) repurchased 2.3 million shares on July 25th at a cost of 0.152 billion Hong Kong dollars.
On July 26th, GleamRay reported that HSBC Holdings (00005.HK) announced that it would spend 0.152 billion HKD to repurchase 2.3 million shares on July 25th, 2024, with a repurchase price of 65.9-66.95 HKD per share.
Molten Ventures Obtains GBP180 Million Net Asset Value Facility
HSBC (0005.HK) is expected to report a nearly 5% decrease in pre-tax profit for the first half of the year in the upcoming announcement. It is also expected to announce an additional $2 billion USD share buyback program.
HSBC Holdings (00005.HK) will announce its interim results for the six months ending in June next Wednesday (31st). Due to the decline in loan growth and the half-yearly narrowing of net interest margins, Morgan Stanley predicts that pre-tax profit after accounting standards will be $20.586 billion, a 4.9% drop compared to $21.657 billion in the same period last year. Excluding notable items, the accounted standard income will be $33.319 billion, down 0.7% from $33.54 billion in the same period last year. The bank predicts that the quarterly dividend of HSBC Holdings in Q2 will be $0.1 per share, the same as last year, with a cumulative dividend of $0.41 per share in the first half of the year, including HSBC's...
Hong Kong's Towngas Enlists HSBC, Vendors in Its Efforts to Cut Supply-chain Emissions
HSBC Bank Plc - Form 8.5 (EPT/RI) - Keywords Studios Plc
Major bank rating | Citigroup: Expects net interest spread of hk based banks to remain resilient in the second half of the year, with a preference for HSBC.
According to a report by Citi on July 26th, Hong Kong-based banks rose 15% in the second quarter, outperforming the Hang Seng Index during the same period, mainly due to the easing of market concerns about asset quality and individual banks improving capital returns. Recently, the market has again focused on the performance of local commercial real estate, as well as the headwinds of short-term net interest margins, leading to a correction in bank stocks. The bank estimates that net interest margins will remain resilient in the second half of the year, and losses from commercial real estate loans will remain manageable. Among the bank stocks, the bank prefers HSBC, with a buy rating and a target price of HK$74, offering a tangible asset return on investment of 14% to 15%, excluding Canada and Argentina.