HSBC is currently facing some selling pressure in line with the negative global markets sentiment. Indicators are showing bearish momentum, do monitor for bottom fishing opportunity as fundamentals remain strong.
Net profit is expected to grow at a CAGR of 13% for the next 3 years with improved margin estimated to be above 30%.
Source: Rakuten Research - 13 Mar 2023
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Created by rakutentrade | May 14, 2024