Citibank: Hang Seng Bank (00011.HK) mid-term credit costs lower than expected, still maintaining a "buy" rating.

According to the Wisdom Financial APP, Citigroup released a research report stating that credit costs are higher than expected, which may bring short-term uncertainty to Hang Seng Bank (00011.HK). The 3 billion Hong Kong dollar stock buyback will be welcomed by the market, but the focus may be on the outlook for credit costs. The bank maintains a "buy" rating on Hang Seng with a target price of 135 Hong Kong dollars.