KAREM.mp4
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NewsTranscript
00:00 Despite the positive results of BankHSBC and the clear support from the high interest rate,
00:08 there was a pressure on profits to be less than the market expects,
00:15 of course before the interest and tax and the loss.
00:20 We look at the rise of BankHSBC's profits before taxes,
00:24 which was 77% to more than 30 billion dollars,
00:30 compared to the expectations of 34 billion dollars.
00:34 There was a clear impact on the Chinese Bank of Communications,
00:39 which recorded a decrease in the value of investments of 3 billion dollars,
00:44 which reflected on the profits related to the bank before taxes.
00:49 We also look at the bank, which said it will buy shares for about 2 billion dollars,
00:56 and it had previously bought 3 shares in 2023.
01:02 It will also distribute its profits in 2008,
01:06 despite all these news that seem positive for the contributors,
01:10 but they seem to be dissatisfied so far.
01:13 The bank's revenues rose by about 30% in 2023,
01:19 almost in balance with expectations.
01:21 We talked about a program to buy shares for 2 billion dollars,
01:25 and the market value of the bank reached 160 billion dollars.
01:28 But the share price, despite all these news,
01:31 and of course with the profit decline from the expectations,
01:35 or from the profit less than the expectations,
01:37 declined by about 3%
01:39 in the next period after the announcement of the bank's earnings.
01:44 Thank you.