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<Research>Barclays Optimistic About HSBC HOLDINGS Plan to Privatize HANG SENG BANK', Bringing Potential EPS Upside
Recommend 16 Positive 37 Negative 16 |
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Barclays released a research report expressing optimism about HSBC HOLDINGS (00005.HK)'s plan to privatize HANG SENG BANK (00011.HK). Although achieving synergies requires patience, the transaction is expected to bring significant upside potential for EPS, with an attractive value based on a forward PE ratio of 7.5x. Therefore, Barclays reiterated rating at Overweight. While the transaction may impact short-term capital return yields, it is believed that over time, it could create ideal value and welcomes the Group's increasing capital focus towards Hong Kong. The broker expected HSBC HOLDINGS to have prominent upside potential in earnings through stronger net interest income and fee income, as well as improved cost efficiency. AASTOCKS Financial News Website: www.aastocks.com |
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