The Zhitong Finance App learned that Citigroup released a research report saying that based on the Bank of East Asia (00023)'s performance in the first half of the year, it lowered its earnings per share measurement from 2023 to 25 by 2% to 4% to reflect the decline in transaction revenue and higher impairment expenses. The bank said it will raise the company's credit cost forecasts for this year, next year, and 2025 by 81 basis points, 54 basis points, and 48 basis points, respectively. Its target price was slightly lowered from HK$13.24 to HK$13, maintaining the “buy” rating.
花旗：维持东亚银行(00023)“买入”评级 目标价降至13港元
Citigroup: Maintains Bank of East Asia's (00023) “buy” rating and reduces target price to HK$13
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