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<Research>BofAS Lifts BOC HONG KONG (02388.HK) TP to $40, Keeps Neutral Rating
Recommend 9 Positive 12 Negative 8 |
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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. AASTOCKS Financial News Website: www.aastocks.com |
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