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Lion King HSBC's six consecutive rises rushed to the 60 yuan mark? Guo Sir, master and good friends duel!

2022-01-14T09:11:47.722Z


Since entering 2022, Hong Kong stocks have fallen more and rose less, but bank stocks have bucked the trend and strengthened, mainly because the Federal Reserve has hinted that it will raise interest rates ahead of schedule and accelerate monetary policy tightening. The yield on the 10-year U.S. Treasury bond has skyrocketed recently.


Since entering 2022, Hong Kong stocks have fallen more and rose less, but bank stocks have bucked the trend and strengthened, mainly because the Federal Reserve has hinted that it will raise interest rates ahead of schedule and accelerate monetary policy tightening.

The yield on the 10-year U.S. Treasury bond has soared rapidly recently, topping 1.8%, hitting a new high in the past two years.


Bank stocks were sought after by investors, among which the heavyweight HSBC (0005) staged a six-day winning streak, approaching 55 yuan.

At present, the PB (price-to-book ratio) has risen to 0.73, and the trailing dividend yield is only 2.14%. The weekly line has risen above the 250-day line, and the RSI (momentum indicator) has risen above 70.

Share Wang Huiyong signal constantly, but the experts' opinions are polar.


Guo Sizhi expects HSBC to rise to 60 yuan

HSBC's share price has been soaring and closed at 54.55 yuan today. In addition to rising for six consecutive days, it has risen by 16.3% in the 10 trading days since the beginning of the year. Is the Lion King really awake?

Guo Sizhi, vice chairman of the Stock Analysts Association and known as "Guo Sir", said that since October last year, HSBC has turned around, and the stock price has risen above the 50-day line, reaching a high of 48 yuan, and then entered a correction stage.

Recently, U.S. bond interest rates have been raised again, which is conducive to the expansion of bank interest margins. In addition, the global economy has been affected by the repeated epidemics, which has slowed down growth. "If the economy is not good, many people will borrow money." HSBC's loan business also benefited.

But now that HSBC has been on a six-day winning streak, should investors still enter the market?

Guo Sizhi pointed out that HSBC has been rising for several days in a row. In addition to the US debt interest rate factor, there may be more good news in the future.

The stock price is also cheap now. "You think HSBC has risen from 27 yuan, and it has risen a lot, but in fact, it was 70 or 80 yuan a few years ago!" He expects that it may rise to 60 yuan in the future.

Guo Sizhi pointed out that HSBC has turned around and has risen to 60 yuan.

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Shen Zhenying: HSBC may fall to a low of 27 yuan

However, Shen Zhenying, the CEO of Xunhui Securities and known as "Master Shen", said that "I don't know how to choose HSBC." He explained that the rebound of bank stocks this time was caused by the market taking advantage of the interest rate hike factor. In fact, HSBC basically The situation has not changed, the global economy is down, people's repayment ability is poor, and the bad debt situation of banks may intensify. It is expected that HSBC's rebound will only last for another week or two. After that, with the gradual release of negative factors, in the medium and long term, the Shares may fall back to a low of around 27 yuan.

Shen Zhenying also pointed out that investors who hold HSBC can take advantage of this rebound to sell and switch to technology stocks with lower valuations. He believes that the regulatory policies in the mainland are gradually implemented, and the stock price of Alibaba (9988) has bottomed out and there is ample room for growth.

Shen Zhenying predicts that HSBC's rebound will only continue for another week or two, preferring Alibaba.

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Bank of America Securities raises HSBC target price within two weeks

In terms of big banks, there are many optimistic about HSBC.

Bank of America Securities issued a research report stating that considering factors such as rising interest rate expectations, the bank raised HSBC's 2023-2024 earnings per share forecast by $0.01 to $0.02, and continued to expect its net interest income performance to be higher than market expectations.

Bank of America Securities emphasized that HSBC's expected annual repurchase of $3 billion is a key factor driving the target price increase.

However, the group's capital allocation is restrained, and the Mexican business has not yet been significantly transformed into an important source of income or profit. However, with Citigroup's decision to sell its retail and commercial banking business in Mexico under the business restructuring, the local banking business will be integrated, or become a A turnaround for HSBC's local business.

The bank reiterated its "buy" rating and raised its London target price by half to 580 pence, equivalent to HK$61.9, the second time this month.

Source: hk1

All news articles on 2022-01-14

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