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<Research>Citi Slightly Raises HSBC HOLDINGS (00005.HK) TP to HKD156.7, Lifts Earnings Forecast
Recommend 20 Positive 38 Negative 19 |
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Based on HSBC HOLDINGS (00005.HK)'s 1Q results and the recent market rally driving Citi's IWPB Invested Assets forecast and consequently revenues, the broker updated its earnings forecasts, raising EPS estimates for 2026-28 by 1-2%. The broker expected HSBC HOLDINGS to deliver a revenue CAGR of 5% from 2026 to 2028, in line with management's 5% target for 2028. RoTE was projected to reach 18-20%, above the 17% target. Overall, Citi's forecast for HSBC HOLDINGS adjusted PBT is 2-6% above consensus. The broker noted that HSBC HOLDINGS will hold an investor visit on May 20-21 and expected management to provide further details on the outlook following the integration of Hang Seng Bank, wealth management in APAC, corporate banking in APAC, and cost-saving potential. Citi reiterated its Buy rating on HSBC HOLDINGS and raised the TP from HKD153.4 to HKD156.7. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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