<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/05/93497544-m-normal-none.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/05/93497544-m-normal-none.jpg"/></p>
<p>滙豐（LON: HSBA）股價連續兩週上漲，投資者關注央行行動和新管理層。該股在倫敦交易時報價為 665 便士，今年上漲超過 16%，比 2020 年最低點上漲近 200%。</p>
<h2>銀行轉型中</h2>
<p>滙豐的股價表現與其他歐洲銀行如聯合信貸、勞埃德銀行和巴克萊等的強勁漲勢相吻合。</p>
<p>這些銀行表現良好，因為關鍵市場利率相對較高，經濟強勁。</p>
<p>值得注意的是，滙豐和其他銀行一直致力於通過股息和股票回購來提高股東回報。</p>
<p>滙豐表現出色，因為其長期的轉型戰略使其退出了一些表現不佳的市場。</p>
<p>該公司在與美國銀行、花旗集團和摩根大通等競爭對手競爭激烈後，將其美國零售業務出售給了市民銀行。它還以 99.6 億美元的價格將其加拿大業務出售給了加拿大皇家銀行。</p>
<p>滙豐還出售了其法國零售銀行業務，最近退出了經濟狀況不佳的阿根廷。</p>
<p>這些出售使滙豐成為一個規模較小、更精簡的公司。在大多數時期，當公司出售其國際業務和通常增長緩慢的實體時，公司表現良好。</p>
<p>滙豐採取這些措施是為了專注於英國和中國市場。在中國，該公司希望通過成為瑞士銀行的強大競爭對手，在零售和財富管理領域成為更大的參與者。</p>
<p>作為世界第二大經濟體，中國是該公司的重點，因為富人數量眾多。然而，挑戰在於中國經濟放緩，為大多數人帶來財富的房地產市場已經崩潰。</p>
<h2>進一步的轉型措施</h2>
<p>隨着新任 CEO 喬治·埃爾赫德里繼續進行轉型工作，利率開始下降，滙豐將受到關注。事實上，滙豐在美聯儲和香港金管局降低基準利率後削減了香港利率。</p>
<p>據彭博社報道，埃爾赫德里希望通過消除公司內部重疊職位來繼續削減成本。</p>
<p>作為這些努力的一部分，他將全球銀行和市場業務與商業銀行合併，並裁減一些高級和初級職位。這些業務面向大型機構，還包括其交易和投資銀行部門。</p>
<p>如果這種合併發生，它將成為公司的支柱業務，每年帶來超過 400 億美元的收入。它將比其財富管理和個人銀行部門規模更大。</p>
<p>目前尚不清楚這種合併是否會發生，因為過去試圖這樣做的努力在高管中遇到了強烈的阻力。反對合並這些部門的論點是，這將在長期內具有高度破壞性和昂貴性。</p>
<p>然而，支持者引用了幾年前將這些部門合併的成功案例，例如傑米·戴蒙。如今，摩根大通已成為美國最大的銀行，並且仍在增長。</p>
<p>新任 CEO 還希望在其淨利息收入預計開始下降的時候降低成本。</p>
<p>滙豐加入了其他正在實施這些轉型措施的大型銀行。作為一家美國大公司，花旗銀行也在經過多年表現不佳後努力改變其業務。</p>
<h2>滙豐財報</h2>
<p>最近的財務結果顯示該公司表現良好。上半年，其營收增長 1%，達到 373 億美元，税前利潤穩定在 216 億美元。</p>
<p>該公司還宣佈已完成 50 億美元的股票回購計劃，這意味着自 2022 年以來已回購價值 120 億美元的股票，自 2019 年以來已回購超過 540 億美元。然後宣佈了新的 18 億美元股息和高達 30 億美元的股票回購計劃。</p>
<p>滙豐仍然是一家被低估的銀行，因為其交易價格低於賬面價值。其市淨率為 0.97，低於行業平均值 1.29。它還有一個市盈率為 7.62，低於行業平均值 7.62。</p>
<p>該公司還有 6.95% 的股息收益率，這將使其在利率開始下降時成為一個有吸引力的收入投資。</p>
<h2>滙豐股價分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/HSBC-share-price.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/HSBC-share-price.png"/></p>
<p>周線圖顯示，滙豐股價在 2020 年觸底 223.20 便士，今年上漲至 715 便士的高點。它形成了一個藍色顯示的上升通道。</p>
<p>股價形成了一個藍色顯示的上升通道。此外，它保持在 50 周和 100 周指數移動平均線之上。</p>
<p>它已經突破了上升通道圖案的下側。因此，股價可能會繼續上漲，多頭將目標鎖定在 715.6 便士的年內高點，距離當前水平約 7.41%。</p>
<p>文章《滙豐股價從 2020 年低點上漲 200%；還會有更多上漲嗎？》首次出現在 Invezz</p>

滙豐

匯豐控股

匯豐控股有限公司

<p>滙豐銀行的股價自 2020 年低點以來已經飆升近 200%，目前交易於 665 便士，今年漲幅達到 16%。該銀行的轉型戰略，包括退出表現不佳的市場，專注於英國和中國業務，為其成功做出了貢獻。新任 CEO 喬治·埃爾赫德里旨在繼續削減成本措施，並有可能合併部門以增強盈利能力。最近的財務結果顯示穩定的利潤，並完成了股份回購計劃，同時宣佈了新的股息和回購計劃。滙豐仍然被低估，其市淨率為 0.97，股息率為 6.95%</p>

<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2023/05/93497544-m-normal-none.jpg" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2023/05/93497544-m-normal-none.jpg"/></p>
<p>HSBC (LON: HSBA) share price has risen for two consecutive weeks as investors focus on the actions by central banks and the new management. The stock was trading at 665p in London, up by over 16% this year and by almost 200% from the lowest point in 2020.</p>
<div class="lb-trans"><p>滙豐（LON: HSBA）股價連續兩週上漲，投資者關注央行行動和新管理層。該股在倫敦交易時報價為 665 便士，今年上漲超過 16%，比 2020 年最低點上漲近 200%。</p>
</div><h2>Bank in a turnaround</h2>
<div class="lb-trans"><h2>銀行轉型中</h2>
</div><p>HSBC’s stock performance has coincided with the robust gains made by other European banks like Unicredit, Lloyds, and Barclays.</p>
<div class="lb-trans"><p>滙豐的股價表現與其他歐洲銀行如聯合信貸、勞埃德銀行和巴克萊等的強勁漲勢相吻合。</p>
</div><p>These banks have done well because of the relatively high interest rates in key markets and the robust economy.</p>
<div class="lb-trans"><p>這些銀行表現良好，因為關鍵市場利率相對較高，經濟強勁。</p>
</div><p>Most notably, HSBC and other banks have focused on boosting shareholder returns through dividends and share buybacks.</p>
<div class="lb-trans"><p>值得注意的是，滙豐和其他銀行一直致力於通過股息和股票回購來提高股東回報。</p>
</div><p>HSBC has done well because of its prolonged turnaround strategy that has seen it exit some of its lagging markets.</p>
<div class="lb-trans"><p>滙豐表現出色，因為其長期的轉型戰略使其退出了一些表現不佳的市場。</p>
</div><p>The company sold its US retail business to Citizens Bank after struggling to compete with the likes of Bank of America, Citigroup, and JP Morgan. It also sold its Canadian operations to Royal Bank of Canada in a $9.96 billion deal.</p>
<div class="lb-trans"><p>該公司在與美國銀行、花旗集團和摩根大通等競爭對手競爭激烈後，將其美國零售業務出售給了市民銀行。它還以 99.6 億美元的價格將其加拿大業務出售給了加拿大皇家銀行。</p>
</div><p>HSBC also sold its retail banking operation in France, and most recently, it exited Argentina, a country whose economy is not doing well.</p>
<div class="lb-trans"><p>滙豐還出售了其法國零售銀行業務，最近退出了經濟狀況不佳的阿根廷。</p>
</div><p>These sales have made HSBC a smaller and more streamlined company. In most periods, companies do well when they sell their international and often low-growth entities.</p>
<div class="lb-trans"><p>這些出售使滙豐成為一個規模較小、更精簡的公司。在大多數時期，當公司出售其國際業務和通常增長緩慢的實體時，公司表現良好。</p>
</div><p>HSBC has done these measures so that it can focus on its UK and Chinese markets. In China, the company is hoping to become a bigger player in both retail and wealth management, by being a formidable competitor to UBS.</p>
<div class="lb-trans"><p>滙豐採取這些措施是為了專注於英國和中國市場。在中國，該公司希望通過成為瑞士銀行的強大競爭對手，在零售和財富管理領域成為更大的參與者。</p>
</div><p>China, the second-biggest economy in the world, is a big priority for the company because of the number of rich people. The challenge, however, is that the Chinese economy is slowing, and the property market that provided wealth to most people has imploded.</p>
<div class="lb-trans"><p>作為世界第二大經濟體，中國是該公司的重點，因為富人數量眾多。然而，挑戰在於中國經濟放緩，為大多數人帶來財富的房地產市場已經崩潰。</p>
</div><h2>More turnaround measures to continue</h2>
<div class="lb-trans"><h2>進一步的轉型措施</h2>
</div><p>HSBC will be in the spotlight as Georges Elhedery, the new CEO continues with the turnaround effort as interest rates start falling. In fact, HSBC slashed rates in Hong Kong after the Fed and HKMA slashed their benchmarks.</p>
<div class="lb-trans"><p>隨着新任 CEO 喬治·埃爾赫德里繼續進行轉型工作，利率開始下降，滙豐將受到關注。事實上，滙豐在美聯儲和香港金管局降低基準利率後削減了香港利率。</p>
</div><p>According to Bloomberg, Elhedery wants to continue with cost cuts by eliminating overlapping roles across the firm.</p>
<div class="lb-trans"><p>據彭博社報道，埃爾赫德里希望通過消除公司內部重疊職位來繼續削減成本。</p>
</div><p>As part of these efforts, he will merge its global banking and markets businesses with the commercial banking and eliminate some senior and junior roles. These businesses cater to large institutions and also its trading and investment banking division.</p>
<div class="lb-trans"><p>作為這些努力的一部分，他將全球銀行和市場業務與商業銀行合併，並裁減一些高級和初級職位。這些業務面向大型機構，還包括其交易和投資銀行部門。</p>
</div><p>If this merging happens, it will become the firm’s anchor business, bringing in over $40 billion a year. It will be much bigger than its wealth management and personal banking division.</p>
<div class="lb-trans"><p>如果這種合併發生，它將成為公司的支柱業務，每年帶來超過 400 億美元的收入。它將比其財富管理和個人銀行部門規模更大。</p>
</div><p>It is still not clear whether this merger will happen since past efforts to do so have found strong resistance among executives. The argument against merging these divisions is that it would be highly disruptive and expensive in the long term.</p>
<div class="lb-trans"><p>目前尚不清楚這種合併是否會發生，因為過去試圖這樣做的努力在高管中遇到了強烈的阻力。反對合並這些部門的論點是，這將在長期內具有高度破壞性和昂貴性。</p>
</div><p>However, proponents cite the success of Jamie Dimon, who combined these divisions a few years ago. Today, JPMorgan has become the biggest bank in the US and is still growing.</p>
<div class="lb-trans"><p>然而，支持者引用了幾年前將這些部門合併的成功案例，例如傑米·戴蒙。如今，摩根大通已成為美國最大的銀行，並且仍在增長。</p>
</div><p>The new CEO also wants to reduce costs at a time when its net interest income is expected to start falling.</p>
<div class="lb-trans"><p>新任 CEO 還希望在其淨利息收入預計開始下降的時候降低成本。</p>
</div><p>HSBC joins other large banks that are implementing these turnaround measures. Citigroup, a large American company, is also working to change its business after years of underperformance.</p>
<div class="lb-trans"><p>滙豐加入了其他正在實施這些轉型措施的大型銀行。作為一家美國大公司，花旗銀行也在經過多年表現不佳後努力改變其業務。</p>
</div><h2>HSBC earnings statement</h2>
<div class="lb-trans"><h2>滙豐財報</h2>
</div><p>The most recent financial results showed that the company was doing well. Its revenue rose by 1% to over $37.3 billion while its profit before tax held stable at $21.6 billion in the first half of the year.</p>
<div class="lb-trans"><p>最近的財務結果顯示該公司表現良好。上半年，其營收增長 1%，達到 373 億美元，税前利潤穩定在 216 億美元。</p>
</div><p>The company also announced that it had completed its $5 billion share repurchase program, meaning that it has repurchased shares worth $12 billion since 2022 and over $54 billion since 2019. It then announced a new $1.8 billion dividend and up to $3 billion share buyback plan.</p>
<div class="lb-trans"><p>該公司還宣佈已完成 50 億美元的股票回購計劃，這意味着自 2022 年以來已回購價值 120 億美元的股票，自 2019 年以來已回購超過 540 億美元。然後宣佈了新的 18 億美元股息和高達 30 億美元的股票回購計劃。</p>
</div><p>HSBC is still an undervalued bank as it trades below book value. Its price-to-book ratio stands at 0.97, lower than the industry average of 1.29. It also has a price-to-earnings ratio of 7.62, lower than the industry average of 7.62.</p>
<div class="lb-trans"><p>滙豐仍然是一家被低估的銀行，因為其交易價格低於賬面價值。其市淨率為 0.97，低於行業平均值 1.29。它還有一個市盈率為 7.62，低於行業平均值 7.62。</p>
</div><p>The company also has a dividend yield of 6.95%, which will make it an attractive income play when rates start falling.</p>
<div class="lb-trans"><p>該公司還有 6.95% 的股息收益率，這將使其在利率開始下降時成為一個有吸引力的收入投資。</p>
</div><h2>HSBC share price analysis</h2>
<div class="lb-trans"><h2>滙豐股價分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2024/09/HSBC-share-price.png" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2024/09/HSBC-share-price.png"/></p>
<p>The weekly chart shows that the HSBA stock price bottomed at 223.20p in 2020 and has rose to a high of 715p this year. It has formed an ascending channel shown in blue.</p>
<div class="lb-trans"><p>周線圖顯示，滙豐股價在 2020 年觸底 223.20 便士，今年上漲至 715 便士的高點。它形成了一個藍色顯示的上升通道。</p>
</div><p>The stock has formed an ascending channel shown in blue. Also, it has remained above the 50-week and 100-week Exponential Moving Averages (EMA).</p>
<div class="lb-trans"><p>股價形成了一個藍色顯示的上升通道。此外，它保持在 50 周和 100 周指數移動平均線之上。</p>
</div><p>It has moved above the lower side of the lower side of the ascending channel pattern. Therefore, the stock will likely continue rising as bulls target the year-to-date high of 715.6p, which is about 7.41% from the current level.</p>
<div class="lb-trans"><p>它已經突破了上升通道圖案的下側。因此，股價可能會繼續上漲，多頭將目標鎖定在 715.6 便士的年內高點，距離當前水平約 7.41%。</p>
</div><p>The post HSBC share price is up 200% from 2020 lows; more upside? appeared first on Invezz</p>
<div class="lb-trans"><p>文章《滙豐股價從 2020 年低點上漲 200%；還會有更多上漲嗎？》首次出現在 Invezz</p>
</div>

HSBC share price is up 200% from 2020 lows; more upside?

- HSBC 股價上漲，投資者關注中央銀行行動及新管理層。  
- 公司通過出售低增長市場，專注於英國和中國市場。  
- 最新財報顯示收入增長，股東回報計劃持續。

滙豐股價自 2020 年低點已上漲 200%；是否還有進一步上漲的空間？