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<Research>G Sachs Raises HSBC HOLDINGS TP to HKD113; Rating Kept Buy
Recommend 33 Positive 57 Negative 20 |
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HSBC HOLDINGS (00005.HK) is set to announce its 3Q25 results on October 28, according to a report from Goldman Sachs. In the broker's estimate, HSBC HOLDINGS' basic pre-tax profit will be USD8.5 billion, down 3% YoY, with revenue remaining flat and costs slightly increasing, and the contribution from its associate, BANKCOMM (03328.HK), will decrease. Goldman Sachs also predicted HSBC HOLDINGS to continue its buyback program, with USD10 billion/ USD8 billion/ USD6 billion planned for FY25-27 to reduce the number of shares outstanding. The compound annual growth rate of its basic EPS over these three years is expected to reach about 8%. HSBC HOLDINGS' rating was kept unchanged as Buy, while its target price was raised by 3% to HKD113. AAStocks Financial News |
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