J.P. MorganAccording to the published report, the Bank of Hong Kong's stock price trends from this year to now have varied, and its first-quarter performance was broadly in line with the bank's expectations. The bank believes that the Bank of Hong Kong's profit margins will continue to be under pressure, and that the industry's profit performance may decline in the near future. Although the stock price has recently reached a low level, since there are no factors that stimulate stock prices, it believes there is little chance that it will outperform due to low valuations. The bank's first choice for the Bank of Hong Kong is stillBank of China Hong Kong (2388.HK)The rating “increased holdings”, and the target price was slightly raised from 27.6 yuan to 27.8 yuan. East Asia (00023.HK) The target price was lowered from 15.2 yuan to 15.1 yuan.

According to the bank, the current easing of liquidity affects the profit performance of the Bank of Hong Kong, and it is expected that the relevant situation will be maintained. The Hong Kong government's measures to support the economy, including SME loans guaranteed by the government, may help banks maintain loan quality. However, it is believed that credit costs will remain at a high level in the first half of the year. When liquidity was tight earlier, the capital requirements of the Bank of Hong Kong were also relaxed. The positive impact of reducing countercyclical capital buffer capital on the bank's common equity Tier 1 capital was 1.1 to 1.7 percentage points. (vi/a) (Quotation delayed at least 15 minutes. (The end of short selling information is at 16:25 on 2020/12.)