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<Research>G Sachs: HIBOR Hike In Line; Only HSBC HOLDINGS Rated at Buy Among Banks
Recommend 16 Positive 25 Negative 16 |
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Hong Kong's one-month HIBOR reached 2% for the first time since May, according to Goldman Sachs' research report. The average value since August was approx. 1.1%, while the average values for June/ July were 0.7%/ 1% each. The broker expected the average values for August/ September to reach 1.3%/ 1.6%, with 3Q25/ 4Q25 averaging 1.3%/ 2.3%, compared to 3.9%/ 2% in 1Q25/ 2Q25. Goldman Sachs noted that the uptrend of HIBOR is largely in line with expectations. Goldman Sachs maintained a selective strategy, and only rated HSBC HOLDINGS (00005.HK) at Buy, with a target price of $110. Meanwhile, the broker rated BANK OF E ASIA (00023.HK) at Sell, with a target price of $10.5. AASTOCKS Financial News Website: www.aastocks.com |
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