HSBC Holdings (00005) target price raised to HKD 200 by CMB, with second quarter income expected to show steady growth driven by net interest income.

According to the WiseFinancial APP, Morgan Stanley released a research report stating that it is expected that HSBC Holdings (00005) will achieve steady growth in profits in the second quarter due to improvements in net interest income and operating leverage. However, the increase in credit costs will partially offset the impact. The bank has raised its target price for HSBC Holdings from HK$182 to HK$200 and maintained a "buy" rating.