Core Viewpoint - Hong Kong bank stocks continue to rise, with HSBC and Standard Chartered reaching new highs following the Federal Reserve's decision to cut interest rates by 25 basis points and expand its balance sheet by purchasing $40 billion in short-term government bonds [1] Group 1: HSBC Holdings - HSBC Holdings (00005) increased by 2.81%, reaching HKD 117.2 [1] - Bank of America Securities forecasts significant growth in two areas for HSBC next year: Hong Kong deposit business and Asian wealth management, citing HSBC's competitive advantages in these sectors [1] - HSBC's management has committed to increasing investments in these areas, which is expected to enhance its competitive edge and market share [1] Group 2: Standard Chartered - Standard Chartered (02888) rose by 2.09%, reaching HKD 180.7 [1] - Goldman Sachs reports that despite an 83% increase in Standard Chartered's stock price this year, there is still room for further revaluation [1] - Goldman Sachs projects that the bank's underlying return on tangible equity (ROTE) will reach 14.6% by the end of this year, exceeding the management's guidance of 13%, and will further rise to 15% by 2027 and 15.7% by 2028 [1] - The bank is expected to raise its mid-term ROTE guidance during its 2025 financial report or the investor day in May 2026, which could act as a catalyst for further stock price increases [1]

高盛发表报告，将渣打集团评级从"中性"升至"买入"，目标价由168港元上调至203港元。该行认为，尽 管渣打集团今年以来港股股价升83%，但认为仍有进一步重估空间。高盛预计，到今年年底，渣打集团 的基础风险调整后股东权益回报率(ROTE)将达14.6%，超过管理层13%的指引，并在2027年进一步升至 15%，2028年则达15.7%。因此，该行预计渣打集团将于2025年财报或2026年5月举行的投资者日活动 中，上调其中期ROTE指引，这或为该股股价的进一步催化剂。 ...