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00011 HANG SENG BANK
RTNominal up121.700 +6.400 (+5.551%)
Others

04/08/2020 16:39

{I-bank focus}Goldman cuts Hang Seng Bank (00011) to HK$144

[ET Net News Agency, 4 August 2020] Goldman Sachs lowered its target price for Hang
Seng Bank (HSB)(00011) to HK$144 from HK$160 and maintained its "buy" rating.
The research house said HSB's EPS in 1H was ahead of Goldman's estimate, driven by lower
than expected credit costs. However, NIM (net interest margin) was below expectations and
management commentary around 2Q NIM and trajectory was also below Goldman's forecasts.
Incorporating the 1H and NIM decline during 2Q, Goldman cut its 2020/21/22 EPS forecasts
by 1%/15%/10%. The bulk of its earnings changes are explained by a lower NII (net interest
income). (KL)

Remark: Real time quote last updated: 23/10/2020 17:59
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