BNP lowers interim profit forecasts of HSBC and Hang Seng

BNP downgraded the interim profit forecast of HSBC Holdings (0005) and predicted that the first-half net profit of the company would drop slightly by 1.3% to US$3.48 bln and the per share earnings shed 10% to US$0.376. It also predicted that the interim net profit of Hang Seng Bank (0011) would decline 4% to HK$4.694 bln with per share earning hitting HK$2.6.

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