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<Research>BofAS Trims HANG SENG BANK (00011.HK) TP to $93.6, Reiterates Rating at Underperform
HANG SENG BANK (00011.HK) reported a 2.7% YoY increase in 1H25 revenue to $21 billion, with pre-provision profit rising 3.9% YoY to $13.4 billion, beating market consensus by 2% an...
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<Research>BofAS Trims HANG SENG BANK (00011.HK) TP to $93.6, Reiterates Rating at Underperform
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SHORT SELL
 
STOCK INFO

HANG SENG BANK (00011.HK)  -1.700 (-1.483%)    Short selling $128.83M; Ratio 39.558%   reported a 2.7% YoY increase in 1H25 revenue to $21 billion, with pre-provision profit rising 3.9% YoY to $13.4 billion, beating market consensus by 2% and 6% each, BofA Securities issued a research report saying.

However, net profit fell 34.6% YoY to $6.3 billion, missing market consensus by 22% due to a tripled provisions.

Related NewsCiti: HANG SENG BANK (00011.HK) Interim Credit Cost Below Forecast; HK Commercial Property NPL Ratio Hikes to 20%
Therefore, BofA Securities trimmed its target price for HANG SENG BANK by 8% from the previous $102 to $93.6, based on a target PB ratio of 1.12x. Due to earnings headwinds and low non-performing loan coverage, the broker reiterated rating at Underperform on HANG SENG BANK.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

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