02388 BOC HONG KONG
- 25.150
- +1.050+4.36%
BOC HONG KONG News
Major Bank Ratings | UBS: Maintaining BOCHK's “Neutral” Rating: Operating Profit Exceeds Expectations in the First Quarter
Glonghui, May 9 | UBS released a report. Bank of China Hong Kong's operating profit for the first quarter increased by 16.8% year-on-year to HK$12.9 billion, slightly higher than the forecast. Benefiting from strong non-interest income, better-than-expected loan growth and lower impairment losses, it is believed that the market will respond positively to this performance and maintain its “neutral” rating, with a target price of HK$21.8.
Banks' non-interest income is growing rapidly, and bond yields are contributing to the “main force”, and future high returns are questionable
Financial Services Association, May 10 (Reporter Cao Yunyi) In an industry trend where net interest spreads continue to be pressured, other non-interest income has become the highlight of bank revenue. The data shows that investment income as a share of total bank revenue is rising rapidly.
Intraday Overview | Hong Kong stock trends diverge, high dividend concept carnival; domestic housing stocks skyrocketed, Shimao Group rose more than 50%
The Hong Kong Stock Exchange rose more than 6%. Reports say Hong Kong Stock Connect's dividend tax may be reduced, and the listing of Saudi companies in Hong Kong is just around the corner.
Private bank executives will also have rules to follow when carrying out their duties. The Fujian Regulatory Bureau issued the industry's first relevant document, making it clear that incompetent executives should be held accountable and resign
The banking industry is highly regulated, and even private banks known for their pioneering, innovative and flexible mechanisms are no exception.
Bank Ratings | Jefferies: Giving BOCHK “Buy” Ratings First Quarter Results Significantly Better Than Expectations
GLONGHUI, May 7 | Jefferies released a report saying that BOCHK's operating profit for the first quarter rose 17% to HK$12.9 billion year-on-year, up 8% from the bank's forecast, mainly benefiting from better-than-expected non-interest income, which rose 4% year-on-year, 25% higher than the bank's expectations; better than anticipated operating expenses, which were 5% higher than the bank's expectations; and a good annualized credit cost ratio, falling 65 to 21 basis points quarterly, 4 basis points less than the bank's forecast. The bank expects the market to respond positively to stock prices. The results also confirm the bank's view that BOCHK has made steady progress in expanding its non-interest income business and protecting asset quality risks. The bank serves the Bank of China Hong Kong
Express News | Guoxin Securities: The bank's first quarter results may be the bottom area in recent years
Express News | Ministry of Finance: From January to March, the total revenue of state-owned and state-owned enterprises across the country increased by 3.2% year on year, and total profit increased 2.8% year on year.
BOC Hong Kong Posts 17% Jump in Q1 Net Income
BOC Hong Kong (Holdings) (HKG:2388) reported net operating incom before impairment allowances of HK$17.79 billion in the first quarter, a 16.8% increase from HK$15.23 billion in the year-ago quarter,
Bank of America Ratings | Bank of America: Maintaining BOCHK's “Buy” Rating Target Price of HK$28.8
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.
BOC Hong Kong (Holdings) Surpasses Expectations: A Strong Buy Recommendation
Will dividends be the standard for the banking industry more than once a year? The four major banks collectively revealed the mid-term dividend arrangement. ICBC made it clear that the annual dividends will deduct the portion already distributed
After several urban commercial banks mentioned mid-term dividends one after another, major state-owned banks made the final decision tonight.
Bank of China Hong Kong (02388.HK): Non-interest income picked up, credit costs declined sharply month-on-month
The 1Q24 results are basically in line with our expectations that BOCHK released the 1Q24 performance report. Revenue increased 16.8% year over year, profit before provision increased 21.5% year on year, and operating profit increased 16.8% year on year. Basically in line with our expectations
Beat the Market the Zacks Way: ADMA Biologics, Carlisle, McCormick Manufacturing in Focus
BOC Hong Kong (Holdings) 1Q Net Interest Margin 1.61%, Up 11 Bps on Year >2388.HK
BOC Hong Kong (Holdings) 1Q Net Interest Margin 1.61%, Up 11 Bps on Year >2388.HK
BOC Hong Kong (Holdings) 1Q Net Operating Income Before Impairment Allowances HK$17.79B Vs. HK$15.23B >2388.HK
BOC Hong Kong (Holdings) 1Q Net Operating Income Before Impairment Allowances HK$17.79B Vs. HK$15.23B >2388.HK
Express News | Bank of China Hong Kong (Holdings) Limited's net operating profit before depreciation preparation for the first quarter was HK$17.79 billion, up 16.8% year over year.
2024年第一季度財務及業務回顧
Express News | CITIC Securities: The bank's first quarter results are expected to be relatively low for the whole year
Bank quarterly reports have been released one after another: the net profit of commercial banks in many cities in the Yangtze River Delta has increased by double digits, interest spreads have narrowed, and the plight of handling fee revenue has not change
① The revenue growth rate of some banks slowed in the first quarter due to factors such as the decline in net interest income and continued bank concessions to the real economy. ② In the first quarter, there was also an obvious downward trend in bank intermediary revenue
Express News | Haitong Securities: It is expected that the bank's revenue growth rate will gradually stabilize in the future, and the profit growth rate is expected to remain high
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