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<Research>JPM Raises BOC HONG KONG's TP to HKD38.4; Rating Kept Neutral
Recommend 10 Positive 15 Negative 9 |
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According to JPMorgan's research report, BOC HONG KONG (02388.HK)'s 1H25 results, supported by robust growth in pre-tax operating profit, beat the broker's expectations but were generally in line with market expectations. The broker raised its earnings forecast for BOC HONG KONG by 20% to reflect more resilient profit margins and trading income. BOC HONG KONG's rating was kept unchanged as Neutral, with a target price increased from HKD37.7 to HKD38.4. AAStocks Financial News |
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