Latest news with #HSBCGlobalInvestmentSummit
South China Morning Post
29-04-2025
- Business
- South China Morning Post
HSBC unveils US$3 billion in stock buy-back after first-quarter profit beats estimates
HSBC , Hong Kong's biggest lender, unveiled a fresh US$3 billion worth of share repurchases after its first-quarter earnings beat analysts' estimates. Advertisement Net profit fell by 32 per cent to US$6.93 billion,, or 39 US cents per share, in the first three months, according to a stock exchange statement by the London-based bank, which collects most of its revenue in the Asia-Pacific region. The first-quarter result, which was widely expected as the bank had realised a one-off gain from the sale of its Canadian business in the year-earlier quarter, beat the US$5.39 billion expected by analysts polled by Bloomberg. Pre-tax profit fell 25 per cent to US$9.5 billion, better than the consensus estimate of US$7.83 billion, the bank said. 'Our strong results this quarter demonstrate momentum in our earnings, discipline in the execution of our strategy and confidence in our ability to deliver our targets,' said CEO Georges Elhedery in the earning statement. 'We continue to support our customers through this period of economic uncertainty and market unpredictability, which we enter from a position of financial strength.' HSBC's group CEO Georges Elhedery during the HSBC Global Investment Summit in Hong Kong on 26 March 2025. Photo: Handout HSBC's US$3 billion share buy-back programme will begin after its annual general meeting on May 2. The bank also announced a first-quarter dividend of US$0.10 per share, compared with US$0.10 per share in the first quarter 2024.
South China Morning Post
29-04-2025
- Business
- South China Morning Post
HSBC unveils US$3 billion in stock buy-back after 1st-quarter profit beats estimates
HSBC , Hong Kong's biggest lender, unveiled a fresh US$3 billion worth of share repurchases after its first-quarter earnings beat analysts' estimates. Advertisement Net profit fell by 32 per cent to US$6.93 billion,, or 39 US cents per share, in the first three months, according to a stock exchange statement by the London-based bank, which collects most of its revenue in the Asia-Pacific region. The first-quarter result, which was widely expected as the bank had realised a one-off gain from the sale of its Canadian business in the year-earlier quarter, beat the US$5.39 billion expected by analysts polled by Bloomberg. Pre-tax profit fell 25 per cent to US$9.5 billion, better than the consensus estimate of US$7.83 billion, the bank said. 'Our strong results this quarter demonstrate momentum in our earnings, discipline in the execution of our strategy and confidence in our ability to deliver our targets,' said CEO Georges Elhedery in the earning statement. 'We continue to support our customers through this period of economic uncertainty and market unpredictability, which we enter from a position of financial strength.' HSBC's group CEO Georges Elhedery during the HSBC Global Investment Summit in Hong Kong on 26 March 2025. Photo: Handout HSBC's US$3 billion share buy-back programme will begin after its annual general meeting on May 2. The bank also announced a first-quarter dividend of US$0.10 per share, compared with US$0.10 per share in the first quarter 2024.
Yahoo
28-03-2025
- Automotive
- Yahoo
Xpeng May Add EV Output in Europe, Latin America
Brian Gu, Xpeng's Vice Chairman and Co-President says that the Chinese EV maker is looking to ramp up its global expansion, including investing in manufacturing plants and infrastructure. He spoke to Bloomberg at the HSBC Global Investment Summit in Kong Kong.
Yahoo
27-03-2025
- Business
- Yahoo
Mixed signals for HNW investors in 2025
High-net-worth investors are entering 2025 with a mix of optimism and caution, as technological advancements and geopolitical shifts present both opportunities and risks, according to HSBC's latest Private Wealth Market Pulse Survey. The survey, conducted ahead of The Private Wealth Sessions at the HSBC Global Investment Summit in Hong Kong, polled 200 high-net-worth individuals in Hong Kong and Singapore. It found that 44% of respondents see artificial intelligence and other technological advancements as key investment opportunities this year. However, nearly half (47%) consider technological disruptions the top investment risk. Geopolitical uncertainty is another major factor shaping investor sentiment. While 22% of respondents view geopolitical developments as opportunities, 27% see them as risks. Despite this, confidence in Asia's economic prospects remains strong, with 92% of investors maintaining a neutral to positive outlook for the region in 2025. Although recent market volatility, high-net-worth investors remain bullish on key stock indices. More than half (55%) expect the S&P 500, Hang Seng Index, and Straits Times Index to rise by at least 5-10% by the end of the year. Lavanya Chari, HSBC's Head of Wealth and Premier Solutions shared: 'These findings come at a period when investors are seeking timely and reliable insights to help them cut through the market noise and navigate unpredictability in global financial markets. We have the pleasure to host a league of top-notch financial leaders at The Private Wealth Sessions to unpack the investment implications from global shifts and rifts, inspiring our ultra-high net worth and high net worth clients to discover opportunities to withstand market cycles in the long run.' Likewise, the survey also highlighted differing opinions on AI's role in corporate earnings. While 40% of respondents believe AI is an overhyped profit driver, 31% think it will enhance efficiency despite increased costs. Meanwhile, 24% see AI as a significant contributor to earnings growth. Faced with global uncertainties, two-thirds of polled investors prefer steady income streams and long-term investment opportunities. Fixed income remained the most popular asset class among 37% of respondents, while foreign currencies and commodities are preferred by 30%. Furthermore, 15% believe that alternative investments provide the best long-term returns. Investors are still managing their risk in a variety of ways. Just 11% decide to maintain cash, while over half (46%) choose active investment strategies and multiple portfolio diversification. For the upcoming ten years, 43% of respondents still cite North America as their top investment destination, with Asia coming in second at 28%. Lok Yim, HSBC's Regional Head of Global Private Banking, Asia Pacific added: 'This survey shows us that high-net-worth investors are experienced in adopting a multi-asset investment strategy to capture the diversification benefits from multiple markets and asset classes. For the second year, deep insights and thought-provoking dialogues at the HSBC Global Investment Summit readily set our clients up for seeing through rapid market developments and connecting them with new investment opportunities in 2025 and beyond.' While 2025 presents mixed signals for investors, the data suggests a continued preference for staying invested and adapting to market shifts rather than retreating to cash holdings. "Mixed signals for HNW investors in 2025" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
HSBC Global Head of Markets on Trade Tension and Tariffs
HSBC Global Head Of Markets & Securities Services Patrick George discusses growth amid trade and tariff rebalancing. Patrick speaks exclusively to Bloomberg's David Ingles on the sidelines of the 'HSBC Global Investment Summit' in Hong Kong Sign in to access your portfolio
