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<Research>HSBC Global Research Lifts BOC HONG KONG (02388.HK) TP to $36.1 as 1Q PPOP Beats Sharply
Recommend 9 Positive 19 Negative 13 |
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BOC HONG KONG (02388.HK)'s 1Q25 PPOP grew by 15.6% YoY, significantly beating HSBC Global Research's estimation, accounting for 30.3% of the broker's 2025 forecasts, HSBC Global Research issued a research report saying. Therefore, HSBC Global Research kept rating at Buy on BOC HONG KONG, and raised its 2025-2027 earnings forecasts by 1.3-2.1% to reflect higher fee & other non-interest income, faster loans and deposits growth. The broker lifted its target price to $36.1 from $34.2. The current valuation remains attractive, with an estimated 2025 PE ratio of 8.4x and PB ratio of 0.9x. AAStocks Financial News |
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