Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down150.000 -2.000 (-1.316%)
Research Report

12/10/2020 15:31

{I-bank focus}JEF starts Hang Seng Bank (00011) at HK$120.8

[ET Net News Agency, 12 October 2020] Jefferies Research initiated coverage on Hang
Seng Bank (HSB)(00011) with a "hold" rating and a target price of HK$120.8.
The research house said HSB achieved a better than peers ROE thanks to better
profitability in both its interest-earning and fee-earning business, supported by its
strong retail franchise.
However, the advantage could be diminishing in the current asset quality down cycle
given its higher asset quality pressure (higher credit costs), and shrinking risk appetite
(lower top-line profitability).
HSB is currently trading at a historical low rolling P/B of 1.3x, but still higher than
peers. Jefferies doesn't see much upside either, considering 10% 2020 ROE. In addition,
the dividend yield of 3.1% is less attractive than peers. (KL)

Remark: Real time quote last updated: 26/02/2021 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.