Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00011 HANG SENG BANK
RTNominal up85.650 +0.100 (+0.117%)
Others

09/06/2020 17:20

{I-bank focus}HK banks display relief rally, not re-rating

[ET Net News Agency, 9 June 2020] J.P. Morgan said HK banks have rallied 17% on average
and have outperformed HSI by 9% month-to-date, driven by easing concerns about US
government measures and the regional trend of tactical value/cyclical rotation.
However, the research house does not expect material outperformance for HK banks from
current levels, as the sector should still experience a cyclical downturn in the next 6-12
months that does not support valuation re-rating.
JPM estimated deposit spreads contracted by more than 20bps QoQ in 1Q, and the declining
magnitude could be even greater in 2Q despite the slightly positive impacts of a
steepening yield curve recently.
Assuming no further initiatives by the US government, JPM believes the biggest
uncertainty left for HK banks in the next couple of months lies in the potential
resurgence of social unrest to a scale that results in a serious disruption of daily
activities in HK. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.