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| HSI1 | 19,553.61 | +177.08 | 179.30B |
| HSCEI1 | 6,934.70 | +63.32 | 77.11B |
| Back Zoom + Zoom - Block Traded | |
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2024-04-30 11:15:50 BANK OF CHINA (03988.HK)'s 1Q24 net profit dipped 2.9% YoY to RMB56 billion, being 24% of the full-year forecast of BofA Securities; and core earnings fell 5.2% YoY, being 27% of the full-year forecast of BofA Securities. The broker said the growth trend pf BOC was weaker than that of other state-owned banks, partly due to BOC's strong earnings in 1Q23, given its overseas and FX business. BofA Securities maintained its earning forecast for BOC and raised its TP to $3.95 from $3.8, based on a 100-bp cut in cost of equity assumptions and ongoing macroeconomic recovery. It also maintained a Buy investment rating on BOC in light of its high dividend yield. ~ AAStocks Financial News Web Site: www.aastocks.com | |