Dividend YieldHSBC remains a solid yield play, with expectations of approximately 10.4% in FY24F dividend yield, which includes a special dividend related to Canada sales.
Financial PerformanceHSBC's core non-interest business growth is highlighted, with a stable outlook for 2024 and a 6% CAGR starting from 2025, signaling robust revenue streams ahead.
Valuation And Target PriceAnalyst reiterates a BUY rating and raises HSBC's target price to HK$74.6, reflecting confidence in the bank's ability to surpass its mid-teen Return on Tangible Equity target in the coming financial years.