Daily Investment Bank/Institutional View Summary (2025-02-20)
Mini Program: Daily Investment Bank/Institutional View Summary
Abroad
1. Citi: Raises Hang Seng Index mid-year target to 23,800 points, end-year target to 24,500 points
Citi published a report raising the Hang Seng Index's mid-year target from 21,000 points to 23,800 points, while the end-year target was raised from 22,000 points to 24,500 points. After extending and re-rating technically, the bank removed Xiaomi Group (01810.HK) from its list of most recommended buys after the company's stock price rose.
2. Barclays: The Bank of Japan is expected to raise interest rates once every six months
Japan's Bank of Japan deliberation committee member Takeda Sho said yesterday that he supports continuing gradual interest rate hikes. Barclays expects the Bank of Japan to raise interest rates once every six months, but it also warns that the timing of interest rate hikes may be moved forward, depending on how the Trump administration views the depreciation of the yen.