news flash·2025-06-20 03:08Core Viewpoint - UBS forecasts that Hang Seng Bank's net profit for the first half of the year will decline by 17% year-on-year due to compression in net interest income (NII) and an expected increase in expected credit loss (ECL) expenses [1] Financial Performance - Hang Seng Bank is expected to announce its 2025 first-half results on July 30, with a projected net profit decrease of 17% year-on-year [1] - The bank is currently trading at 1.3 times the one-year forward price-to-book ratio [1] Investment Rating - UBS maintains a "Neutral" rating on Hang Seng Bank's stock with a target price of HKD 112 [1] - The expected dividend yield for Hang Seng Bank in 2025 is projected to be 5.4% based on the target price, with a buyback yield of 1% [1]