The bank keeps a neutral stance, calling the shares “Hold” and aiming for HK$920. 00 each. Last night’s close was slightly higher at HK$929. 50, a small bump that doesn’t change the outlook.  

Investors looking at the market trend see most analysts say “Strong Buy” with an average target of HK$907. 73, a point that shows some confidence in the company’s direction.  

The latest quarter ending June 30 showed a revenue of HK$26. 12 million, but the company lost HK$321. 73 million according to GAAP rules. This gap raises questions about the sustainability of its earnings and whether it can turn profits soon.  

The conflicting messages from HSBC versus the wider analyst community highlight a split view: some see potential upside, others warn of risks.  

If the firm can reduce losses and grow revenue faster than competitors, it may lift its rating in the future. Until then, the “Hold” signal suggests cautious waiting rather than aggressive buying.


# Bank’s “Hold” Recommendation Persists Amid Mixed Analyst Sentiment

- **Target Price**: HK$920.00  
  - *Bank’s stance*: “Hold”  
  - *Last night’s close*: HK$929.50 (slight uptick, no impact on outlook)

- **Analyst Consensus**:  
  - Majority label the stock as **“Strong Buy”**  
  - *Average target*: HK$907.73 – reflecting confidence in the company’s trajectory

- **Financial Snapshot (Q2 2024)**:  
  - Revenue: HK$26.12 million  
  - GAAP Loss: HK$321.73 million  
  - *Implication*: Significant earnings gap raises sustainability concerns and questions about near‑term profitability

- **Market View Divergence**:  
  - HSBC’s neutral “Hold” vs. broader analyst optimism  
  - Highlights a split between potential upside and risk warnings

- **Future Outlook**:  
  - If the firm can shrink losses and accelerate revenue growth beyond peers, a rating upgrade may follow  
  - Until then, the “Hold” signal advises cautious waiting rather than aggressive buying.



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