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11.09.25 - 12:15
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HANG SENG BANK Repurchases 210K Shares for ~$24.88M (AAStocks)
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HANG SENG BANK (00011.HK) announced that it repurchased today (11th) 210,000 shares of the company at a price ranging from HKD117.9 to HKD119.2 per share, involving a total of approximately HKD24.8822 million.Since the buyback authorization resolution was passed, the group has cumulatively repurchased 6.12 million shares, accoun......
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04.09.25 - 14:36
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HSBC reshuffles top brass, naming wealth head Maggie Ng as CEO of Hong Kong unit (SCMP)
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HSBC, the biggest lender in Hong Kong, announced a reshuffle of its senior executives to strengthen its wealth management business, as subsidiary Hang Seng Bank faces higher property credit losses.
Starting next month and contingent on regulatory approval, Maggie Ng would assume the role of HSBC Hong Kong CEO, in addition to her existing duties as head of retail banking and wealth for the Hong Kong unit, the bank said on Thursday.
Ng will replace Luanne Lim, who will take on the CEO role at......
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22.08.25 - 09:48
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Hang Seng Bank′s CEO buys Tai Hang flat as city′s home prices rise (SCMP)
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The executive director and CEO of Hang Seng Bank has bought a home in Hong Kong's Tai Hang district, joining a growing coterie of financiers on the hunt for high-value residential property that has helped to drive the city's lived-in home prices to a five-month high.
A lived-in flat measuring 1,193 sq ft (110.8 square metres) at Flora Garden was handed over on Wednesday to Diana Ferreira Cesar, according to the Land Registry.
The unit was transacted for HK$26.6 million (US$3.4 million), or......
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01.08.25 - 05:15
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Research: Citi Lowers HANG SENG BANKs TP to HKD131; Rating Kept Buy (AAStocks)
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Based on HANG SENG BANK (00011.HK)'s 1H25 results, Citi released a report lowering its FY25 EPS forecast for the bank by 24% in light of rising credit costs and reduced net interest income resulting from lower HIBOR assumptions.Meanwhile, the broker lifted its FY26-27 EPS forecasts for HANG SENG BANK by 1%, given the announc......
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31.07.25 - 05:45
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Hindsight: Brokers' Latest TPs, Views on HANG SENG BANK Post-Results (AAStocks)
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After tumbling by 7.4% yesterday (30th), HANG SENG BANK (00011.HK) continued to trend downward this morning. It last traded at HKD113.1, down 0.6%.The bank announced its interim results at noon yesterday. Its pre-tax profit dived by 28.4% YoY to HKD8.097 billion, while its net profit receded by 30.5% YoY to HKD6.88 billion, fall......
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30.07.25 - 12:36
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Hang Seng says it is ′covered′ against bad loans amid property slump (SCMP)
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Hang Seng Bank remains financially healthy, as the extra provisions and collateral provided by borrowers are sufficient to withstand the continued increase in non-performing loans (NPLs) at the HSBC unit, according to its CEO.
“The amount of collaterals and provisions for NPLs has exceeded 100 per cent,” executive director and CEO Diana Cesar said in the bank's interim results announcement on Wednesday. “Based on what we know now and what we can see coming, we think the extra provisions and......
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30.07.25 - 07:15
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HANG SENG BANK Slips 5%+ after Midday on 1H25 PBT Miss (AAStocks)
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HANG SENG BANK (00011.HK) closed the morning session at HKD122, down 0.73%. With losses sharpened in the afternoon, the stock last traded at HKD116, down 5.61%. Trading volume reached 1.7559 million shares, with a turnover of HKD209 million.The bank reported 1H25 PBT of HKD8.097 billion, down 28.4% YoY, and net profit of HKD6.88......
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