top of page

HSBC FY preview: Where next for the HSBC share price?

2022/02/21

HSBC(0005.HK) shares have risen almost 50% since the start of the year and have outperformed its more UK-focused rivals, but how will they perform after its next set of earnings? HSBC will report fourth-quarter and full-year earnings on Tuesday February 22. Profits are set to broadly double year-on-year in both the fourth quarter and the full year benefited from a large reversal. However, normal provisions will be restored in the coming year, especially the rapid deterioration of the epidemic in Hong Kong and the bank is primarily operating in Asia. Several analysts took the lead in raising HSBC’s target prices, ranging from 5% to 20%, with acceleration in returns going forward as confidence grows thanks to higher interest rates on the horizon. The bank is likely to sweeten shareholders with a new buyback, but dividends may not grow.


憧憬加息週期來臨,滙控(0005.HK)股價由去年至今,累計升幅近五成。去年全年和第四季業績即將放榜,不少大行率先調高目標價,升幅介乎半成至兩成,主要看好對息口敏感的滙控,會受惠淨息差擴闊。雖然綜合多間大行預測,去年經調整淨利潤會按年倍增,但主要受惠有較大的回撥,而預料來年會恢復正常撥備,尤其香港疫情急速惡化,分析關注會否導致不良貸款率上升。又預料滙控會加碼回購以提振股價,但不會增加派息。


Kommentare


bottom of page