Analyst ConfidenceAnalysts maintain a 'Buy' recommendation for HSBC, indicating confidence in the company's overall financial health and future prospects.
Financial StabilityNo material impact on HSBC's capital and distribution capacity is expected from the potential dilution loss due to BoCom's recapitalization.
Profit ContributionHSBC shared USD2.2bn profit from BoCom in 2024, accounting for 6.8% of its profit before tax, indicating a significant contribution.
Revenue Growth PotentialThere is upside potential to revenue from cost redeployment, which could drive 2027e ROTE to >17%.