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RTNominal down143.400 -0.900 (-0.624%)

24/05/2021 13:56

{I-bank focus}Daiwa lifts Hang Seng Bank (00011) to HK$176

[ET Net News Agency, 24 May 2021] Goldman Sachs lifted its target price for Hang Seng
Bank (00011) to HK$176 from HK$170 and maintained its "buy" rating.
The research house marked to market for better insurance-related investment performance,
given the strong performance of Hang Seng Index, and for lower credit costs as witnessed
among peers. These trends were somewhat offset by modestly weaker NIMs (net interest
Goldman Sachs updated its 2021/22/23 EPS forecasts by 4%/2%/1%, to factor in these
changes. (KL)

Remark: Real time quote last updated: 07/12/2021 14:49
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