---
title: "STOCKS | Bank of East Asia Cuts Hang Seng Index Year-End Target to 27,100"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292308999.md"
description: "Bank of East Asia lowered its Hang Seng Index year-end target to 27,100 from 29,000. Senior strategist Chan Wai-chung cited weaker mainland consumption and investment data, rising AI and production costs, and slower earnings recovery in internet and consumer stocks. Consequently, the bank reduced its forecast for HSI earnings growth this year to 5% from 10%. While Hong Kong stocks recently outperformed due to sector rotation into semiconductors, Chan does not expect this trend to persist."
datetime: "2026-07-10T10:34:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292308999.md)
  - [en](https://longbridge.com/en/news/292308999.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292308999.md)
generator: "portal-rs"
---

# STOCKS | Bank of East Asia Cuts Hang Seng Index Year-End Target to 27,100

Bank of East Asia (0023) lowered its Hang Seng Index year-end target to 27,100 from 29,000, according to Ming Pao. Chan Wai-chung, senior investment strategist at BEA Wealth Management, cited weaker-than-expected mainland China consumption and fixed-asset investment data in April and May, increased AI spending by technology firms, and rising production costs such as energy and memory. He said the earnings recovery of heavyweight internet and consumer stocks has been weaker than expected, prompting the bank to cut its forecast for Hang Seng Index earnings growth this year to 5% year on year from 10%. Chan added that Hong Kong stocks have recently outperformed regional markets, benefiting this quarter from sector rotation into upstream semiconductors following positioning in the first half, but he does not expect the factor to last long.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**