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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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2024-05-02 13:52:42 ABC (01288.HK)'s net profit fell 1.6% YoY, missing BOCI's estimation, BOCI released a research report saying. However, ABC's 1Q24 results were broadly in line with the banking sector's performance, as large banks further strengthened their financial support to the real economy. During the quarter, ABC's net interest income dropped 0.7% YoY. BOCI believed that ABC is undervalued, due to its solid asset quality, decent return on equity (ROE) and attractive dividend yield, and slightly cut its target price from $4.81 to $4.8, with rating kept at Buy. ~ AAStocks Financial News Web Site: www.aastocks.com | |