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<Research>UBS Rates BOC HONG KONG as Neutral, Estimates Dull Results for 1Q26
Recommend 4 Positive 9 Negative 6 |
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Set to announce its 1Q26 results on April 29, BOC HONG KONG (02388.HK) is expected to report soft trends for its revenue and pre-provision operating profit (PPOP), while its operating profit may see a mild YoY decline of 1%, UBS wrote in its research report. UBS attributed the expected dull performance to weak net fee income, mark-to-market (MTM) losses on trading assets, and a high comparison base in 1Q25. The broker has kept a Neutral rating for BOC HONG KONG, with a target price of HKD43.5. Auto-translated by AI AASTOCKS Financial News |
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