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| HSI1 | 23,393.32 | 0.00 | -- |
| HSCEI1 | 7,906.11 | 0.00 | -- |
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2026-11-02 15:55:30 HSBC Global Investment Research issued a report saying that BOC HONG KONG (02388.HK)'s operating profit before tax for 3Q rose 9.7% YoY, while profit after tax increased 14.2% YoY, mainly driven by stronger net interest income and lower provisions. The third interim dividend remained flat QoQ at HKD0.29 per share. The broker viewed the 3Q results as broadly neutral. The broker noted that adjusted net interest income increased 0.9% QoQ, while adjusted NIM fell 3 bps QoQ to 1.52%, reflecting deposit competition. Net fee income declined 11.8% YoY due to lower loan and brokerage commission income, while other non-interest income was also affected by mark-to-market losses on the bond portfolio. Loans rose 1.5% QoQ, deposits increased 4.3% QoQ, and the non-performing loan ratio rose 4 bps QoQ to 0.93%. HSBC Global Investment Research lowered its earnings forecasts for BOC HONG KONG for 2026, 2027 and 2028 by 1.7%, 0.6% and raised 0.1%, respectively. It maintained a Buy rating and TP of HKD58.(da/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |