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HSBC Holdings has repurchased approximately 3.55 million shares for a total of HKD314 million as of April 1. This includes 1.9471 million shares bought in the UK at a weighted average price of GBP8.8091 and 1.6 million shares on the Hong Kong Stock Exchange at an average price of HKD88.5816.
HSBC Holdings is set to see a dilution of its stake in Bank of Communications, although Mark Tucker has reaffirmed the bank's commitment to its shareholding. Year-to-date, HSBC has repurchased approximately 3.55 million shares for HKD 314 million. Tucker also indicated a strong dividend outlook, maintaining a payout ratio of 50% for this year.
HSBC Holdings repurchased a total of 3.4207 million shares on March 31, with 1.8427 million shares bought in the UK at a weighted average price of GBP8.714, and 1.578 million shares in Hong Kong at an average price of HKD88.6431. The repurchase reflects the company's ongoing strategy to enhance shareholder value.
HSBC reported a record profit before tax of US$32.3 billion for 2024, enabling a total return of US$26.9 billion to shareholders, including a dividend of 87 US cents per share. The bank celebrated its 160th anniversary, emphasizing its commitment to supporting Hong Kong's status as a global financial hub and its ongoing community initiatives. Group CEO Georges Elhedery highlighted the bank's strategic growth and adaptability in a changing economic landscape.
Global stocks plummeted as investors braced for President Trump's upcoming tariffs, with the ASX losing $42 billion and Japan's Nikkei index dropping 4.05%. Goldman Sachs raised US recession odds to 35%, predicting more Federal Reserve rate cuts as tariffs threaten economic stability. Safe-haven assets like US treasuries and gold surged amid the turmoil.
Global markets faced turmoil last week due to new 25% US auto tariffs, raising stagflation concerns amid mixed earnings in Hong Kong. The Nasdaq 100 is testing critical support levels, while commodity prices surged, with oil nearing $70 per barrel and gold hitting $3,086. Key economic data, including China PMI and US employment figures, are anticipated this week.
HSBC's profitability is heavily influenced by its diversified income streams, with structural hedging reducing its sensitivity to interest rate fluctuations. Despite a decline in net interest income growth, the bank maintains strong liquidity and solvency metrics, reporting a CET1 ratio of 14.9%. However, rising costs and potential trade wars pose challenges, prompting considerations of outsourcing trading operations as the bank navigates a shifting global economic landscape.
UBS has adopted a selective approach to real estate stocks, favoring those with strong cash flows, acquisition growth, and profitable project pipelines. While Japanese developers have shown strong performance, REITs face challenges from rising interest costs. In Europe, gradual improvements are expected, particularly in the UK, while the Australian market may benefit from falling funding costs. UBS remains cautious on Singapore and Hong Kong REITs but sees potential gains for Hong Kong developers amid stabilizing fundamentals in mainland China.
Deutsche Bank has raised the target price for BYD COMPANY (01211.HK) to $460, indicating that the company's 2024 results are in line with expectations. AASTOCKS.com Limited and its affiliates provide information on this app/website without guarantees of accuracy or reliability, and users are advised to consult professional financial advice before making investment decisions.
UBS is contemplating relocating its headquarters amid potential capital requirement increases of up to $40 billion, which could hinder its global competitiveness. CEO Sergio Ermotti emphasized that excessive regulations could penalize the bank's diversified operations and impact Switzerland's economy. The bank's commitment to a Swiss identity remains, but it faces challenges balancing local regulations with its international business strategy.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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