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<Research>UBS Hikes BOC HONG KONG (02388.HK) TP to $37; Revenue, NPAT Strong Beat
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BOC HONG KONG (02388.HK) logged a net profit of HKD22.152 billion in 1H25, representing a YoY hike of 10.5%, way above UBS's estimates, UBS research report wrote. The better-than-expected results were attributed to robust NII and strong other non-interest income. UBS raised the target price from HKD36.5 to HKD37, and the rating was Neutral. AASTOCKS Financial News Website: www.aastocks.com |
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