Weekly Recap | HSBC HOLDINGS -2.57%, CFO succession in the frame
Weekly Review·- HSBC Holdings fell 2.57 % this week to close at 163.3 HKD, slightly underperforming the Hang Seng Index. - The company announced that Group Chief Financial Officer Pam Kaur plans to step down in 2027, while actively continuing share buybacks and bond issuances. - Institutional ratings remain largely positive with a consensus buy rating and an average target price of 177.26 HKD.Weekly Recap | Taiwan Semiconductor +1.01%, August revenue hits record
Weekly Review·- TSMC accumulated a weekly gain of 1.01 % to close at 433.24 USD, while its August revenue surged by over 53 % year on year to hit a record high. - Twenty-one institutional coverage firms gave a consensus strong buy rating with an average target price of 551.26 USD. - Despite strong fundamentals and robust AI driven demand, the stock experienced profit-taking and lower trading volume amid cautious market sentiment.