JP Morgan: Maintains "overweight" rating for HSBC HOLDINGS (00005) with target price raised to 90 Hong Kong dollars.

J.P. Morgan released a research report stating that it has raised the adjusted earnings per share forecast for HSBC HOLDINGS (00005) for the fiscal years 2025 and 2026 by 5% and 6%, respectively, and has raised the target price by 5% to 90 Hong Kong dollars, maintaining a "overweight" rating. HSBC is one of the preferred stocks because in the next 12 months, the stock's dividend and stock buyback yield should reach 12%, the highest level among banks covered by the bank, and strong shareholder returns can provide stability. On the other hand, according to the bank's analysis, the quality of commercial real estate assets in Hong Kong and rising tax rates are at a controllable level.