Home Product Center (HMPRO TB): Hold: Highly encouraging 2Q26

Research evidence excerpt

Home Product Center (HMPRO TB): Hold: Highly encouraging 2Q26

of Singapore. Recipients in Singapore should contact a representative of "The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch" in

respect of any matters arise from, or in connection with this report. Please refer to The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch's website at www.business.hsbc.com.sg

for contact details. The information and materials contained herein are provided "as is" without warranty of any kind, either express or implied. In particular, no warranty regarding the accuracy or fitness for

a purpose is given in connection with such information and materials. This document does not have any regard to the specific investment objectives, financial situation and particular needs of any specific

recipient. It is for information purposes only and is not intended to nor will it create or induce the creation of any binding legal relations. It does not constitute or form part of any offer or solicitation of any

offer to buy or sell any securities. Independent advice should be sought before making any investments or entering into any transaction in relation to any securities mentioned herein. In no event will any

member of the HSBC group be liable to the recipient for any direct or indirect or any other damages of any kind arising from or in connection with reliance on any information and materials herein. Members

of the HSBC group and their associates, directors, officers and/or employees may have positions in, and may effect transactions in the securities or investment instruments covered herein, and may also

perform or seek to perform broking, investment banking, corporate finance or other services for the issuers of the securities mentioned herein.