{"id":18301,"date":"2018-08-30T10:53:53","date_gmt":"2018-08-30T07:53:53","guid":{"rendered":"https:\/\/bestinsurance.gr\/a1\/?p=18301"},"modified":"2018-08-30T10:53:53","modified_gmt":"2018-08-30T07:53:53","slug":"greek-banks-a-buy-again-showing-more-light-than-shade-hsbc-says","status":"publish","type":"post","link":"https:\/\/bestinsurance.gr\/a1\/archives\/18301","title":{"rendered":"Greek Banks a Buy Again Showing More Light Than Shade, HSBC Says"},"content":{"rendered":"<section class=\"news-rsf-text-headlines\">\n<h1>Greek Banks a Buy Again Showing More Light Than Shade, HSBC Says<\/h1>\n<\/section>\n<section class=\"news-header\">\n<div class=\"news-rsf-toa\">Thursday, August 30, 2018 10:38 AM<\/div>\n<p class=\"news-byline\">By Jan-Patrick Barnert<\/p>\n<p><span class=\"news-dateline\">(Bloomberg) &#8212;<\/span><\/section>\n<section class=\"news-rsf-news-body\">HSBC analyst <a id=\"url-id-0\" class=\"link-enabled\" title=\"Bloomberg Profile\" href=\"bloomberg:\/\/commands\/BBDP%2017302320\">Jason Kepaptsoglou<\/a>sees more light than shade at Greek banks, and recommends buying all four major lenders, albeit with reduced price targets.<\/p>\n<ul>\n<li>Country is on the right path; trends in asset quality are improving in line with expectations, NPL sales pipeline and large corporate restructurings \u201cappear to be strong\u201d\n<ul>\n<li>NOTE: <a id=\"url-id-1\" class=\"link-enabled\" title=\"Greek Bank Chiefs Say They Can Handle Loss of ECB Waiver (1)\" href=\"bloomberg:\/\/commands\/NSN%20PE5Y6C6JIJUU\">Aug. 28<\/a>, Greek Bank Chiefs Say They Can Handle Loss of ECB Waiver<\/li>\n<\/ul>\n<\/li>\n<li>Cautions that operational profitability is under more pressure than thought, prompting analyst to cut profit estimates<\/li>\n<li>Still, despite top-line pressures, Greek banks should deliver healthy capital-adjusted returns post-restructuring<\/li>\n<li>Valuation now more appealing with market value down 30% since April highs<\/li>\n<li>Upgrades Eurobank (PT EU1.25), NBG (PT EU0.29) and Piraeus (PT EU3.20) to buy from hold<\/li>\n<li>Reiterates buy for Alpha bank (PT EU2.43)<\/li>\n<\/ul>\n<figure data-type=\"image\" data-id=\"330526567\" data-image-type=\"chart\" data-image-size=\"full\" data-align=\"center\"><a href=\"bloomberg-external-media-https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/-1x-1.png\"><img decoding=\"async\" src=\"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/640x-1.png\" srcset=\"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/-1x-1.png 1200w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/488x-1.png 488w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/-1x399.png 709w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/-1x500.png 888w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/750x-1.png 750w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/628x-1.png 628w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/460x260.png 460w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/380x220.png 380w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/620x357.png 620w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/640x-1.png 640w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/840x473.png 840w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/400x225.png 400w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/600x-1.png 600w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/620x349.png 620w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/360x-1.png 360w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/368x-1.png 368w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/630x354.png 630w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/-1x240.png 426w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/512x288.png 512w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iKQr8VK8kKwk\/v2\/765x430.png 765w\" \/><\/a><\/figure>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Greek Banks a Buy Again Showing More Light Than Shade, HSBC Says Thursday, August 30, 2018 10:38 AM By Jan-Patrick Barnert (Bloomberg) &#8212; HSBC analyst Jason Kepaptsoglousees more light than shade at Greek banks, and recommends buying all four major lenders, albeit with reduced price targets. Country is on the right path; trends in asset<\/p>\n","protected":false},"author":1,"featured_media":2934,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-18301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/18301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/comments?post=18301"}],"version-history":[{"count":1,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/18301\/revisions"}],"predecessor-version":[{"id":18302,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/18301\/revisions\/18302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media\/2934"}],"wp:attachment":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media?parent=18301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/categories?post=18301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/tags?post=18301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}