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小摩:重申中银香港“增持”评级 目标价28港元

Morgan Stanley: Reiterates boc hong kong 'shareholding' rating with a target price of 28 Hong Kong dollars

新浪港股 ·  Dec 2, 2024 11:21

JPMorgan released a research report stating that boc hong kong (02388) saw its share price drop by 6% last week, underperforming the Hang Seng Index and peers by 6-9%. They believe the weak performance may be triggered by concerns over asset quality, but the market may be overreacting. The bank believes that the group's performance announced in the first quarter of next year for the fiscal year 2024 will bring substantial risk returns, reiterating a "shareholding" rating with a target price of 28 Hong Kong dollars.

The bank predicts that boc hong kong, in the next 6 to 12 months, as the management enhances shareholder returns with abundant capital, the resilience of net interest margin and asset quality migration, as well as the continuous growth of average interest-earning assets (AIEA), the group's downside profit risk is limited.

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