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<Research>BofA Securities Expects HSBC HOLDINGS HK Deposits & Asian Wealth Mgmt Biz to Surge Next Yr
Recommend 12 Positive 19 Negative 10 |
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BofA Securities has released a research report predicting that HSBC HOLDINGS (00005.HK) will achieve significant growth in its Hong Kong deposit business and Asian wealth management business next year. From the broker's perspective, HSBC HOLDINGS obviously has an upper hand in these areas, and the management has also pledged to ramp up investment in the relevant areas. The anticipated increase in resource allocation is expected to further enhance the company's competitive advantage and lead to an increase in market share. BofA Securities upgraded HSBC HOLDINGS' rating from Neutral to Buy and raised its target price for HSBC Holdings PLC (HSBA.L) from GBX1,160 to GBX1,300. AAStocks Financial News |
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