After tumbling by 7.4% yesterday (30th), HANG SENG BANK (00011.HK)  -1.700 (-1.483%)    Short selling $128.83M; Ratio 39.558%   continued to trend downward this morning. It last traded at HKD113.1, down 0.6%.

The bank announced its interim results at noon yesterday. Its pre-tax profit dived by 28.4% YoY to HKD8.097 billion, while its net profit receded by 30.5% YoY to HKD6.88 billion, falling short of the forecast range of HKD7.692-8.3 billion from three brokers as consolidated by our reporters. The EPS came in at HKD3.34.

Related NewsUBS: Rating Kept at Neutral for HANG SENG BANK (00011.HK) w/ TP $112 on Lower-than-expected Profit After Tax
Broker | Investment Rating | Target Price (HKD)
Citi | Buy | 135
Goldman Sachs | Neutral | 114 -> 118
UBS | Neutral | 112
CICC | Neutral | 109.5
JPMorgan | Neutral | 112 -> 109
BofA Securities | Underperform | 102 -> 93.6
Morgan Stanley | Underweight | 93 HKD

Broker | Viewpoint
Citi | Interim credit costs missed, with NPL ratio for HK commercial real estate rising to 20%
Goldman Sachs | Higher credit costs far above expected impairment provisions, and losses in HK commercial real estate pushed credit costs to higher levels
UBS | Higher credit costs dragged down net profit, but HKD3 billion buyback plan in line
CICC | Risks in HK real estate weighed on profits
JPMorgan | Excessively high credit costs dragged down interim results, with impairment provisions far above expectations
BofA Securities | High credit costs dampened net profit
Morgan Stanley | High credit impairment provisions led to disappointing interim net profit
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)