News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>M Stanley: HANG SENG BANK's Interim NP Misses on High Credit Impairment Provisions
Weighed down by high credit impairment provision loss, HANG SENG BANK (00011.HK)'s interim net profit tumbled by over 30.5% YoY to HKD6.88 billion, worse than the general marke...
Reset
Send
The window will close in 5 seconds
<Research>M Stanley: HANG SENG BANK's Interim NP Misses on High Credit Impairment Provisions
Close
Recommend
8
Positive
8
Negative
15
 
SHORT SELL
 
STOCK INFO

Weighed down by high credit impairment provision loss, HANG SENG BANK (00011.HK)  -1.700 (-1.483%)    Short selling $128.83M; Ratio 39.558%   's interim net profit tumbled by over 30.5% YoY to HKD6.88 billion, worse than the general market expectations, according to Morgan Stanley's research report. Its pre-provision profit was 2.7% lower than the broker's forecast but 9% higher than market expectations.

To Morgan Stanley, HANG SENG BANK's overall interim performance was weaker than expected. Considering the lingering uncertainties in the Hong Kong commercial real estate sector, the broker kept an Underweight rating on the bank with a target price of HKD93.

Related NewsCiti: HANG SENG BANK (00011.HK) Interim Credit Cost Below Forecast; HK Commercial Property NPL Ratio Hikes to 20%
HANG SENG BANK also announced a share buyback of up to HKD3 billion with completion expected within six months, in line with Morgan Stanley's expectations.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.