Citibank published a report, increasing its 2024-2026 net interest income forecast by 1% to 2%, considering that BOCHK's net interest income for the first quarter beat expectations. Furthermore, the report raised the BOC Hong Kong non-interest income forecast for the period by 1% to 2%, reflecting recent improvements in market sentiment and laying the foundation for a recovery in handling fee revenue. As a result, the bank adjusted BOC's earnings estimates per share by 1% to 3% for each year from 2024 to 2026. The target price was accordingly raised from HK$25 to HK$28.2, and the share cost forecast was slightly lowered as macroeconomic uncertainty abated.
花旗升中银香港目标价至28.2港元 上调盈测
Citigroup raised BOC Hong Kong's target price to HK$28.2 and raised its profit forecast
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