HSBC의 아르헨티나 탈퇴는 가치 평가에 영향을 미치지 않습니다. Shore Capital은 '매수'라고 말합니다.
HSBC 홀딩스
695.60p
17:09 30/04/24
Shore Capital has said that HSBC's disposal of its Argentinian business should not have a material impact on its investment case despite it generating a $1bn hit to the business.
은행
4,158.78
17:05 30/04/24
FTSE 100
8,144.13
17:04 30/04/24
FTSE 350
4,476.48
17:05 30/04/24
FTSE 전체 공유
4,430.25
17:14 30/04/24
HSBC 홀딩스는 화요일 아르헨티나 사업을 Grupo Financiero Galicia에 550억 1천만 달러에 매각하고 아시아로 사업을 계속 전환하면서 그 과정에서 XNUMX억 달러의 세전 손실을 입을 것이라고 밝혔습니다.
The deal would result in no material impact on tangible net asset value per share or HSBC's CET1 capital ratio, though it would see $4.9bn of accumulated currency translation losses through the income statement upon closing.
"Argentina has been a problematic market for HSBC in recent years given hyperinflation in the region and a sharp currency devaluation, which has resulted in significant earnings volatility for the business," Shore Capital said.
"Exiting Argentina also represents a further step in management’s strategy to simplify the group and concentrate resources on areas of the business where greater shareholder value can be created."
XNUMXD덴탈의 broker acknowledged a great deal of "accounting noise" associated with the disposal, but said: "We do not expect it to have a material impact on the valuation of the stock or the investment case. With that in mind, Shore Capital retains a positive stance with a fair value of 860p (33% upside)."
The stock was up 0.1% at. 645.4p by 1610 BST.