Hong Kong banks' results for FY25 were mixed, with average earnings growth of 4% YoY, slowing from the 28% growth in FY24, JPMorgan said in its research report.

Trends among banks also diverged. Standard Chartered Hong Kong, DBS Bank (Hong Kong), and DAHSING BANKING (02356.HK)  +0.030 (+0.236%)    Short selling $331.76K; Ratio 4.131%   recorded growth of over 20%, whereas BANK OF E ASIA (00023.HK)  +0.120 (+0.871%)    Short selling $1.02M; Ratio 9.179%   and Hang Seng Bank posted double-digit declines.

Related News G Sachs Slightly Cuts HSBC HOLDINGS (00005.HK) TP to HKD160; Outlook in Highly Uncertain Environment in Focus
In terms of stock selection, JPMorgan favors HSBC HOLDINGS (00005.HK)  +0.800 (+0.576%)    Short selling $374.19M; Ratio 15.991%   and BOC HONG KONG (02388.HK)  +0.420 (+0.955%)    Short selling $97.39M; Ratio 15.343%   , believing these two stocks are likely to outperform the broader market if short-term market volatility persists. STANCHART (02888.HK)  +2.800 (+1.567%)    Short selling $34.81M; Ratio 8.590%   remains a higher-beta name amid geopolitical uncertainties.

The report has assigned an Overweight rating to HSBC HOLDINGS (00005.HK)  +0.800 (+0.576%)    Short selling $374.19M; Ratio 15.991%   with a target price of HKD180 and to STANCHART (02888.HK)  +2.800 (+1.567%)    Short selling $34.81M; Ratio 8.590%   with a target price of HKD270. DAHSING BANKING has also been rated as Overweight with a target price of HKD14.5, while BOC HONG KONG has a Neutral rating and a target price of HKD43.3.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-10 16:25.)

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