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<Research>BofAS Raises HSBC HOLDINGS (00005.HK) TP to HKD168.8, Reiterates Buy
Recommend 20 Positive 21 Negative 21 |
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At its investor seminar, HSBC HOLDINGS (00005.HK) management highlighted the strength of its operating network, implying that the bank is well positioned to be a major and natural beneficiary of structural trends, including wealth management, the global global of Chinese enterprises, and RMB internationalization, BofA Securities said in its report. Importantly, HSBC already demonstrates strong profitability. The broker forecast that its ROTE will reach approximately 20% by 2028, making it an attractive growth compounder. BofA Securities reiterated its Buy rating on HSBC HOLDINGS and raised its target price from HKD158.25 to HKD168.8 due to upward revisions in earnings forecasts. 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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