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Market Chatter: TPG Eyes More Office Space in Manhattan
Asia Tele-Net (00679) spent 10.1506 million dollars to acquire bonds worth about 10 million dollars.
Asia Tele-Net (00679) announced that its indirectly wholly-owned subsidiary, Asia Electroplating Equipment Co., Ltd., will be dissolved on July 2024...
Molten Ventures Obtains GBP180 Million Net Asset Value Facility
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.
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