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HSBC Research Raises TP of BANK OF CHINA (03988.HK) to HKD5.7, Adjusts EPS Forecast
2026-03-31 14:12:12
HSBC Global Research published a report indicating that BANK OF CHINA (03988.HK) is expected to outperform in its 2025 EPS, primarily driven by robust growth in assets, net interest income, and investment returns, with mortgage asset quality superior to peers.

On the downside, its domestic business's NIM performance is slightly weaker than peers, and the decline in its CET1 ratio is also larger than that of peers.
Maintains a "Buy" rating, raising the target price from HKD5.5 to HKD5.7. The firm has increased its 2026 EPS forecast by 2.4% and its 2027 forecast by 1.9%, and has introduced a 2028 forecast. (ha/w)~

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