HSBC Holdings announced the sale of its $36 billion Australian residential and personal loan portfolio to a fund managed by Blackstone, and will gradually end the rest of its Australian retail business over the next 18 months. According to a research report published by J.P. Morgan Chase, the transaction was within expectations, and believes that the sale is slightly positive. Since it marks the further advancement of management streamlining strategies and the financial impact is minor, the impact is expected to be only about 3 basis points on the common equity tier 1 capital ratio in 2027. The cumulative loss from 2026 to 2028 is about 600 million US dollars, which is only equivalent to about 0.5% of the market's expected profit before tax during the period. Motong believes that the sale will allow HSBC to focus on businesses with stronger competitive advantages and growth opportunities, and reaffirms the “gain” rating, with a target price of HK$200.

HSBC Holdings announced the sale of its $36 billion Australian residential and personal loan portfolio to a fund managed by Blackstone, and will gradually end the rest of its Australian retail business over the next 18 months. According to a research report published by J.P. Morgan Chase, the transaction was within expectations, and believes that the sale is slightly positive. Since it marks the further advancement of management streamlining strategies and the financial impact is minor, the impact is expected to be only about 3 basis points on the common equity tier 1 capital ratio in 2027. The cumulative loss from 2026 to 2028 is about 600 million US dollars, which is only equivalent to about 0.5% of the market's expected profit before tax during the period. Motong believes that the sale will allow HSBC to focus on businesses with stronger competitive advantages and growth opportunities, and reaffirms the “gain” rating, with a target price of HK$200.