Hang Seng Bank (HKG:11) First Half 2024 Results
Key Financial Results
- Revenue: HK$18.9b (up 5.1% from 1H 2023).
- Net income: HK$9.61b (flat on 1H 2023).
- Profit margin: 51% (down from 53% in 1H 2023). The decrease in margin was driven by higher expenses.
- EPS: HK$5.04 (up from HK$4.99 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hang Seng Bank Earnings Insights
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Banks industry in Hong Kong.
Performance of the Hong Kong Banks industry.
The company's shares are down 10.0% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Hang Seng Bank that you need to be mindful of.
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