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<Research>HSBC Research Lifts BOC HONG KONG's TP to HKD43.5; Rating Kept Buy
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BOC HONG KONG (02388.HK)'s 1H25 earnings beat expectations on the back of trading gains, cost control, and NIM performance, though some trading gains may be reversed in 2H25, according to a report issued by HSBC Global Research.

The broker praised BOC HONG KONG for its exposure to Hong Kong commercial real estate risks, which emerged noticeably better than its peers'. Its non-performing loan ratio also remained stable, surpassing market expectations.

Related NewsUBS Hikes BOC HONG KONG (02388.HK) TP to $37; Rev., NPAT Strong Beat
BOC HONG KONG's rating was kept as Buy, with a target price raised from HKD43.3 to HKD43.5.
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