Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>M Stanley Cites HSBC HOLDINGS Georges Elhedery: Net New Money for Wealth Mgmt Biz Strong; CIB Is Main Driver of Non-interest Biz
Recommend 13 Positive 19 Negative 8 |
||||
|
||||
|
Morgan Stanley recently attended the 21st European Financials Conference (EFC) and marketed to UK investors, Morgan Stanley released a research report saying. Investors could maintain a defensive view on the ASEAN sector, with a focus on Singapore and liquid emerging markets (with the exception of Indonesia). Corporates are off to a good start in 2025, with Asia's wealth business continuing to gain momentum, while the outlook for the rest of 2025 is uncertain, the broker said. Morgan Stanley was optimistic about defensive Hong Kong international banks, Singaporean banks and the Singapore Exchange (SGX). Speaking at the EFC, representatives of HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) said that both banks remained confident about their business outlook, but noted the risk of slower growth if policy uncertainty persists. The advantages of the Group's restructuring were that simplification would help save costs and increase flexibility, meanwhile helping HSBC HOLDINGS to look to the future, focusing on growth and improving customer service, Morgan Stanley quoted Georges Elhedery, CEO of HSBC HOLDINGS, as saying. In terms of growth, Elhedery emphasized the wealth management business, with net new money (NNM) expected to remain a strong driver. Elhedery also emphasized that CIB is the key driver of the Group's non-interest income business objectives because of the many overlapping functions of GBM, etc.. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
