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| HSI1 | 24,271.20 | +59.85 | 162.63B |
| HSCEI1 | 8,168.57 | +20.70 | 49.87B |
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2026-10-12 12:10:42 Overall market sentiment has not turned excessively bearish, although the market has certain concerns over valuation losses on bond investments, growth risks and the sustainability of wealth management income, JPMorgan said in a research report. The broker upheld a positive view on the fundamentals of HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK), believing that the share declines of the two banks were overdone. Regarding the 3Q earnings season, JPMorgan was relatively more optimistic about the performance of BOC HONG KONG (02388.HK). The broker expected stronger earnings growth for BOC HONG KONG and noted that its CET1 ratio of as high as 23.8% would help keep the capital impact from bond valuation losses under control. However, looking ahead over the next 12 months, the broker preferred STANCHART, believing its earnings growth and ROE expansion trajectory to be more favorable. The broker assigned Overweight ratings to HSBC HOLDINGS, STANCHART and BOC HONG KONG, with TP at HKD205, HKD310 and HKD53.3 respectively. ~ AASTOCKS Financial News Website: www.aastocks.com | |