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<Research>BofAS Lifts BOC HONG KONG (02388.HK) TP to $40, Keeps Neutral Rating
Recommend 15 Positive 14 Negative 12 |
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BOC HONG KONG (02388.HK)'s 2025 net profit increased by 4.9% YoY, exceeding BofA Securities' forecast by 2.3%, BofA Securities released a research report saying. BOC HONG KONG's core earnings rose by 9.4% YoY, 2.2% above the broker's expectation. Its ROE slightly declined by 0.1 ppt to 11.5%. Dividend payout ratio hiked by 1 ppt YoY to 56%, in line with BofA Securities' estimation. The broker raised its 2026-2027 earnings forecasts for BOC HONG KONG by 5-6%, and lifted its target price from $38.5 to $40. Considering the uncertainties in macroeconomic growth and provisions and less dividend yield attractiveness, BofA Securities kept rating at Neutral. This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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