BOC Hong Kong's Fundamentals Likely to Remain Solid
Dow Jones
8 hours ago
0712 GMT - BOC Hong Kong's fundamentals are likely to remain solid as it maintains its loan growth and asset quality advantage over peers, say DBS Group Research analysts in a note. Asset quality improvement in the lender's 1H earnings was a pleasant surprise, the analysts note. They expect BOC Hong Kong to deliver growth in 2026 thanks to higher interest rates and recovery in the Hong Kong property sector and economy. However, they say BOC Hong Kong's additional shareholder return plan appears to be on the lower end of market expectations and its higher dividend payout ratio has likely been priced into shares. DBS retains its buy rating and 52.00 Hong Kong dollar target price. Shares rise 2.75% to HK$52.35.
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