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Home > Latest

Buffett continues to "slim down" bank stocks: Berkshire Hathaway may cut its holdings in Bank of America (BAC.US) by $6.9 billion in Q2.

date
05/08/2025
Zhtng Cijng APP noted that Berkshire Hathaway (BRK.A.US) (BRK.B.US) may continue to reduce its stake in Bank of America (BAC.US) in the second quarter, as revealed by its latest quarterly report.
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Australian Resources Minister: Australia is considering setting a price floor to support critical mineral projects.
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J.P. Morgan: Raises HSBC Target Price to HKD122, Expects Total Shareholder Returns of 9.7% in the Next 12 Months.
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J.P. Morgan released a report pointing out that HSBC's stock price has dropped by 5.1% since the announcement of its second quarter performance in 2025, underperforming the Hang Seng Index (which dropped 3.6%) during the same period, despite pre-tax profits exceeding market expectations by 10% when excluding one-off items. The bank believes that part of the market disappointment stems from concerns about a $1 billion unexpected impairment on China Construction Bank. The bank maintains a positive view on HSBC for several reasons: first, it still holds a capital threshold deduction balance of $14 billion, meaning that even if affiliate companies, such as CCB, further impair up to $14 billion, the impact on dividends, capital, and stock buybacks will be limited; second, management has provided some guidance on its digital asset strategy, indicating that the bank is prepared for the potential disruption of the accelerated global expansion of digital assets; and third, income performance is more resilient than expected. The bank has raised its target price from HK$118 to HK$122, with a "hold" rating, while estimating a total shareholder return of 9.7% over the next 12 months, ranking first among financial institutions in the Greater Bay Area.
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Hong Kong stock market anomaly | Bai Ao Sai Tu-B (02315.HK) is currently up more than 3%, with a year-on-year revenue increase of over 50% in the first half. The company continues to make profits.
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Guangdong Province's flood prevention emergency response has been upgraded from Level III to Level II. Pay attention to defending against floods.
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