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<Research>Citi: HANG SENG BANK Disappoints with No New Buyback Plan; Catalysts Limited in ST
Recommend 10 Positive 10 Negative 13 |
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HANG SENG BANK (00011.HK)'s lack of new share buyback plans has disappointed the market, and there could be limited catalysts in the short term, which, coupled with the ongoing deterioration in asset quality, may dampen market sentiment, Citi wrote in its research report. On the bright side, however, Citi noted that HANG SENG BANK's 2024 earnings performance exceeded expectations with stable non-interest income and positive cost control. The broker set its target price for the bank at $97 with a Neutral rating. AAStocks Financial News |
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