GO
| HSI1 | 24,788.14 | 0.00 | -- |
| HSCEI1 | 8,374.30 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
|
2026-03-31 11:42:26 BofAS released a research report stating that BANK OF CHINA (03988.HK) (601988.SH) recorded a net profit of RMB243 billion before preferred stock dividends last year, representing a year-on-year increase of 2.2%, which is 0.7% lower than the bank's expectations. Core earnings grew by 1.6% year-on-year, exceeding forecasts by 1.9%. The return on equity (ROE) fell by 0.6 percentage points year-on-year to 9%. The Common Equity Tier 1 (CET1) ratio increased by 33 basis points year-on-year to 12.53%. The annual dividend per share was RMB0.226, with dividend yields for H shares and A shares at 5.2% and 4%, respectively. The bank adjusted its earnings forecasts for 2026 to 2027 by 1% and lowered the TP for BANK OF CHINA's H shares by 4% to HKD5 and the TP for A shares by 8% to RMB5.6, reflecting earnings adjustments and extending the average ROE to 2026-2028, maintaining a 'Neutral' rating. The bank prefers INDUSTRIAL AND COMMERCIAL BANK OF CHINA (01398.HK) and CHINA CONSTRUCTION BANK (00939.HK) for their better earnings quality. (ss/u)~ AASTOCKS Financial News Website: www.aastocks.com | |