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<Research>HSBC Research Favors HKEX/ BOC HONG KONG for HK Financials; Southbound Equity Inflow Strong
Recommend
29
Positive
40
Negative
14
According to a report from HSBC Global Research, both Hong Kong's deposit inflow and southbound equity inflow were robust in September; loan growth appears to have bottomed out, with higher HIBOR supporting the NIM of Hong Kong banks; and the momentum in fee income continued on.

Having noticed an increase in global interest in Hong Kong's financial sector, the broker holds a bullish outlook on HKEX (00388.HK), BOC HONG KONG (02388.HK), and BANK OF E ASIA (00023.HK), all rated as Buy.

Related NewsCiti Cuts EPS Forecasts for HKEX (00388.HK), Chops TP to $505
Stock | Investment Rating | Target price (HKD)
BOC HONG KONG (02388.HK) | Buy | 45.2 -> 45.2
BANK OF E ASIA (00023.HK) | Buy | 15.3 -> 15.3
HKEX (00388.HK) | Buy | 521
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