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22979 SG-HSBK@EC2510A (CALL)
RT Nominal unchange0.233 0.000 (0.000%)

20/05/2024 15:02

{I-bank focus}Citi raises Hang Seng Bank (00011) to HKD109

[ET Net News Agency, 20 May 2024] Citi raised the target price for Hang Seng Bank
(00011) to HKD109 from HKD96 and maintained the "neutral" rating.
The research house said it raises FY24E-FY26E EPS estimates by 2-3%, mainly driven by
higher fee income as a result of market sentiment recovery and lower tax expenses. (rc)

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