HSBC (0005.HK HKSE) pre-market after FY25 beat: watch NII guidance for 2026

HSBC Holdings plc (0005.HK stock) opens pre-market after a stronger-than-expected FY25 result and a 2026 net interest income target that surprised investors. Shares trade at HK$142.70 after a 5.00% intraday lift on higher volume 44,604,157.00. This earnings spotlight breaks down the report, links guidance to valuation, and shows what traders in Hong Kong should watch next.

0005.HK stock: Earnings recap and market reaction

HSBC reported FY25 pretax profit of US$29.91 billion, beating consensus and prompting the pre-market move. This single fact drove today’s HK$6.80 rise to HK$142.70 from the HK$135.90 close. Traders focused on the bank’s guidance for 2026 net interest income of at least US$45.00 billion, which underpins near-term sentiment. source

Key drivers: NII, wealth, and transaction banking

Management flagged deposit growth and the structural hedge as drivers of higher 2026 NII, shifting the revenue mix toward interest income. Wealth and transaction banking also outperformed and supported fees and margins. This mix explains why analysts raised forward operating assumptions and why 0005.HK stock moved higher on the update.

Valuation snapshot and core financial metrics

At HK$142.70, HSBC trades at PE 18.23 and PB 1.56, while EPS stands at 7.42. The stock yields about 3.81% on the latest dividend run rate. These ratios place 0005.HK stock near Hong Kong banking peers on PE, but above big China state banks on valuation. Book value per share is 11.49, and cash per share is 34.93, supporting the dividend and liquidity view.

Technical and trading signals for 0005.HK stock

Technicals show a firm short-term trend: 50-day average HK$128.98 and 200-day average HK$108.17. RSI at 54.45 and ADX 33.12 signal a stable upward trend. Volume spiked to 44,604,157.00, nearly four times average daily volume, confirming buyer interest in the pre-market session.

Meyka grade, forecast model and price targets for 0005.HK stock

Meyka AI rates 0005.HK with a score of 75.06 out of 100: B+ (BUY). This grade factors S&P 500 benchmark and sector comparisons, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects monthly HK$140.13, quarterly HK$148.52, and yearly HK$161.08. Versus the current HK$142.70, the model implies a +4.03% upside to the quarterly level and +18.01% to the yearly level. Forecasts are model-based projections and not guarantees.

Risks, sector context and what to watch next

Key risks include macro rate shifts, credit cycles, and regional regulatory pressure that could compress margins. The Hong Kong financial services sector average PE is 15.77, so valuation swings in the sector can affect HSBC. Watch deposit growth, NII execution versus the US$45.00 billion target, and trading revenue volatility as near-term catalysts.

Final Thoughts

HSBC (0005.HK stock) moves pre-market after FY25 results and a stronger 2026 NII guide, trading at HK$142.70 with higher volume. Our analysis shows core strengths in net interest income and wealth fees, supporting a dividend yield near 3.81% and a PB of 1.56. Meyka AI’s forecast model projects HK$161.08 in one year, implying +18.01% upside from today. Shorter-term model targets give a modest +4.03% to HK$148.52 over the quarter and a slight downside to HK$140.13 monthly. These figures reflect improved fundamentals, a healthier revenue mix, and positive sector momentum in Hong Kong financials. Investors should weigh the model upside against interest-rate risk and regional exposure. Meyka AI provides this as AI-powered market analysis; forecasts are model-based and not guarantees.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.