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G Sachs Rates BANK OF E ASIA as Sell w/ TP Raised to HKD14; 2H25 NP Misses
2026-02-16 12:06:24
According to a report from Goldman Sachs, BANK OF EAST ASIA (00023.HK)'s 2H25 net profit dropped by 57% YoY or 58% HoH to HKD947 million, 34% lower than the broker's forecast.

This underperformance was mainly due to an additional impairment of HKD625 million on investment properties and a one-time loss recorded by BANK OF EAST ASIA's associate, Guotong Trust, operating in China.

Goldman Sachs has kept a Sell rating on BANK OF EAST ASIA and lifted its target price from HKD13.5 to HKD14.
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