Major bank rating | Haitong International: Slightly lowered the target price of BOC Hong Kong to HKD 24.12, maintaining a "outperform" rating on the market.

Gelonghui Finance · Sep 2, 2024 10:25 · Ratings

On September 2nd, Haitong International released a report stating that BOC Hong Kong's net interest spread in the second quarter remained stable, expanding by one basis point to 1.62% on a quarterly basis. The proportion of demand and savings deposits also showed improvement. However, the bank's non-performing loan ratio rose to 1.07%, continuing to be affected by the real estate industry. Haitong International slightly lowered BOC Hong Kong's target price from HKD 25.72 to HKD 24.12, maintaining an 'outperform' rating. Haitong International expects BOC Hong Kong's earnings per share to be HKD 3.37 and HKD 3.12 respectively for the next two years, with a forecasted increase of 8.67% and a decrease of 7.39% in net profit attributable to the parent company.

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大行评级｜海通国际：微降中银香港目标价至24.12港元 维持“跑赢大市”评级

Major bank rating | Haitong International: Slightly lowered the target price of BOC Hong Kong to HKD 24.12, maintaining a "outperform" rating on the market.

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大行评级｜海通国际：微降中银香港目标价至24.12港元维持“跑赢大市”评级