After spending the past year shedding thousands of jobs and stripping out layers of management to rein in costs, HSBC Chief Executive Officer Georges Elhedery is now looking for ways to grow revenue https://t.co/gNQeEKEZcu ...

Core Insights - HSBC Holdings PLC is considering the privatization of its Hong Kong subsidiary, Hang Seng Bank, with a valuation of approximately $37 billion (HK$290 billion) [1][9] - The proposed valuation implies a price-to-book multiple of 1.8, significantly higher than Hang Seng's Hong Kong peers and its historical trading prices [1][9] - HSBC plans to fund the privatization through its own financial resources and expects an initial capital impact of about 125 basis points [4] Privatization Details - HSBC currently holds a 63% controlling stake in Hang Seng and intends to implement the delisting through a scheme of arrangement, offering HK$155 for each "Scheme Share," which represents a 33% premium over Hang Seng's 30-day average closing price of HK$116.5 [2] - The plan requires approvals from Hang Seng shareholders and sanction by the High Court in Hong Kong [2] - Upon approval, HSBC Asia Pacific will acquire all remaining shares held by minority shareholders and delist Hang Seng from the Hong Kong Stock Exchange [3] Strategic Rationale - The move aligns with HSBC's strategic shift to strengthen its market share and leadership position in areas where it has a competitive edge [7] - HSBC's CEO emphasized that the proposal represents a significant investment in Hong Kong's economy and aligns with the company's strategy to enhance growth and shareholder value [6] - More than 50% of HSBC's business is currently centered in the Asian region, with ongoing expansions in mainland China and India [8] Financial Implications - HSBC will pause its share buybacks for the next three quarters but continues to target a dividend payout ratio of 50% for 2025 [5] - The investment in Hang Seng is expected to be accretive to HSBC's basic earnings per share [5]

Core Viewpoint - HSBC Holdings announced a proposal to privatize Hang Seng Bank for a cash consideration of HKD 106 billion (approximately USD 13.6 billion), which will lead to a decrease in its CET1 capital ratio by 125 basis points [1] Group 1: Financial Impact - The cash offer translates to HKD 155 per share for minority shareholders [1] - The transaction is expected to reduce HSBC's share buyback scale by approximately USD 7 billion, with stock repurchases paused for three quarters to maintain the CET1 ratio within target range [1] - By the end of Q2 2026, HSBC's CET1 ratio is projected to be 14% [1] Group 2: Performance Metrics - HSBC's Hong Kong business is projected to have a ROTE of 38% for 2024, while Hang Seng Bank's ROE is reported at only 11% for the same period [1] Group 3: Market Reaction - Following the announcement, HSBC's stock price fell by 5%, closing at USD 67.89 [1] - Short-term expectations indicate a mid-single-digit percentage pullback in HSBC's stock price [1] - Despite the short-term challenges, the transaction is viewed positively for HSBC in the long run [1]

Core Viewpoint - HSBC Holdings announced a proposal to privatize Hang Seng Bank for a cash consideration of HKD 106 billion (approximately USD 13.6 billion), which will impact its CET1 capital ratio and lead to a temporary suspension of stock buybacks [1] Group 1: Transaction Details - The cash consideration for the acquisition is HKD 106 billion, equating to HKD 155 per share for minority shareholders [1] - The transaction will result in a decrease of 125 basis points in HSBC's CET1 capital ratio [1] Group 2: Financial Implications - To maintain the CET1 ratio within target ranges, HSBC will suspend stock buybacks for three quarters, which is estimated to reduce buyback scale by approximately USD 7 billion [1] - Morgan Stanley projects that by the end of Q2 2026, HSBC's CET1 ratio will be around 14% [1] Group 3: Performance Metrics - HSBC's Hong Kong business is expected to report a ROTE of 38% for 2024, while Hang Seng Bank's ROE is projected at only 11% for the same period [1] - Short-term price adjustments for HSBC are anticipated, with Morgan Stanley expecting a mid-single-digit percentage decline [1] Group 4: Long-term Outlook - Despite the short-term challenges posed by the transaction, Morgan Stanley believes it will have positive long-term effects for HSBC [1]

分组1 - Nvidia has received approval to export chips to the UAE, potentially worth several billion dollars, under a bilateral AI agreement [3][4] - The deal is expected to enhance the UAE's data center construction, crucial for AI model development [4] - The approval followed the UAE's commitment to invest reciprocally in the US [3] 分组2 - Gold prices have recently surpassed $4,000, driven by concerns over the US economy and increased demand for safe-haven assets [7][8] - Analysts suggest that gold should maintain a permanent position in investment portfolios, with a historical performance of being a reliable store of value [9][10] - The gold market is estimated to be around $25 trillion, indicating significant investor interest [10][11] 分组3 - PepsiCo reported a 1.3% organic revenue growth for Q3, which fell short of analyst expectations, attributed to decreased purchases of processed snacks and sugary drinks [15][16] - Despite beating earnings per share expectations at $2.29, the overall performance indicates a decline compared to the previous year [19][20] - Delta Airlines reported better-than-expected Q3 earnings, driven by leisure and corporate travel, with a forecast of continued strong demand [17][21] 分组4 - Retail investor activity has surged, with the Dow up 24% and NASDAQ nearly 50% over the past six months, indicating a strong recovery in the market [29][30] - Chip stocks have seen an 80% increase, reflecting renewed interest in AI and technology sectors [29][30] - Retail demand is projected to reach $800 billion by year-end, surpassing previous years, with a shift towards broad funds like ETFs [30][31] 分组5 - Ferrari's stock has declined significantly following the announcement of its first fully electric model, amid cooling demand for luxury EVs [44][45] - The company plans to focus on hybrid and limited edition vehicles, as electric vehicle sales are experiencing a downturn [45][46] - Analysts suggest that Tesla should consider introducing hybrid vehicles to adapt to changing market conditions, as hybrid sales have outpaced pure EV growth [52][53]

HSBC will look at making more acquisitions in key areas, the bank's chief executive told Reuters on Thursday after the lender announced plans to buy out the remainder of Hang Seng bank. ...

On Thursday afternoon, hours after HSBC Holdings announced a plan to privatise subsidiary Hang Seng Bank, the local lender's headquarters in Central was crowded with customers queuing for services. Among them were many elderly people, including five who told the Post they were not aware of the news and were unsure if it would have an impact on their bank accounts. London-based HSBC would buy all outstanding Hang Seng Bank shares for HK$155 each in cash, or a premium of 30 per cent over the stock's Wednes ...

Core Viewpoint - HSBC Holdings plans to privatize Hang Seng Bank, which has a market capitalization of approximately HKD 300 billion, at a price of HKD 155 per share [1] Group 1: Company Actions - On October 9, HSBC Holdings and Hang Seng Bank jointly announced the proposal to delist Hang Seng Bank's shares [1] - Following the announcement, Hang Seng Bank's stock surged by 26.3%, closing at HKD 150.3, while HSBC Holdings' stock fell by 6.24%, closing at HKD 103.7 [1] - HSBC Holdings holds over 63% of Hang Seng Bank's shares, indicating that the privatization could cost over HKD 100 billion in cash [1] Group 2: Market Implications - Industry insiders suggest that Hang Seng Bank still has some non-performing real estate assets that need to be addressed, which may explain the differing stock price movements between the two banks [1] - The potential for further synergy between HSBC and Hang Seng Bank aligns with HSBC's overall reform strategy [1]

智通财经APP讯，汇丰控股(00005)发布公告，于2025年10月8日，该公司斥资1.78亿港元回购162.44万 股。 ...

格隆汇10月9日丨汇丰控股(00005.HK)发布公告，2025年10月8日耗资1.78亿港元回购162.44万股，回购 价格每股109.3-110.5港元。 ...