滙豐

Lex_Hong Kong is where the heart is
Lex專欄:滙豐成長關鍵在香港


滙豐迄今已經達到當下投資者對一家大型銀行的所有合理期望。CEO歐智華也堅信能找到成長,這看似簡單:加大對亞洲投入即可。但中國內地和香港成長前景都有變數。

Well capitalised? Tick. Streamlining bearing fruit? Tick. Return on equity improving? Tick. Slight fudging of original cost-income targets apparently accepted by the market? Tick. Talk of returning capital if organic growth cannot be found? Lovely. Stuart Gulliver has so far ticked just about every box, at least in part, that could reasonably be expected of a big bank in this environment. Now to find that organic growth.

資本充足?是。精簡已現成效?是。股本回報率正在提升?是。對初始的成本/利潤目標的略微挪動顯然已得到市場接受?是。談到若無法獲得有機成長,將返還資本?好極了。歐智華(Stuart Gulliver)迄今達到了(至少是在一定程度上)當前環境下投資者對一家大型銀行的所有合理期望。現在,就來找找有機成長吧。

您已閱讀21%(574字),剩餘79%(2151字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。
設置字型大小×
最小
較小
默認
較大
最大
分享×