Glonghui, April 30 | Bank of America Securities released a report. Bank of China Hong Kong's profit for the first quarter was strong. As the Federal Reserve may delay interest rate cuts, it is expected that the bank will continue to enjoy relatively high net interest spreads and return on equity in the coming quarters. Bank of America Securities maintained its “buy” rating for BOCHK, keeping its profit forecast and target price of HK$28.8 unchanged. According to the report, the asset quality of BOCHK is stable, and credit costs are expected to decrease year-on-year in the 2024 fiscal year. However, the commercial real estate market in the Mainland and Hong Kong is still one of the risks to pay attention to.
大行评级｜美银：维持中银香港“买入”评级 目标价28.8港元
Bank of America Ratings | Bank of America: Maintaining BOCHK's “Buy” Rating Target Price of HK$28.8
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