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Bank of E Asia (00023) spent HKD 511,900 to repurchase 5,080 shares on July 4th.
Bank of E Asia (00023) announced on July 4, 2024 that the company spent HKD 511,900 to repurchase...
Morgan Stanley rates Bank of E Asia (00023) as 'buy' with a target price of HKD 11.5, lowered from the previous target price.
Zhizhong Finance app learned that Morgan Stanley released research reports stating that Furui issued a research report indicating that Bank of E Asia (00023) has marginal downside risks in net interest income, especially in its China business. Although non-performing loans are still relatively limited so far, Hong Kong's commercial real estate is receiving increasing attention; and an adverse macro environment may delay the improvement of shareholder ROE. The report rated Bank of E Asia as a “buy”, but the target price was lowered from HK $12 to HK $11.5. The bank pointed out that the net interest spread of Bank of E Asia may have peaked in the fourth quarter of last year, and continued to slow down in the first and second quarters of this year. The bank can hedge against long-term or interest rate changes.
While Individual Investors Own 30% of The Bank of East Asia, Limited (HKG:23), Private Companies Are Its Largest Shareholders With 36% Ownership
Key Insights The considerable ownership by private companies in Bank of East Asia indicates that they collectively have a greater say in management and business strategy A total of 3 investors have
Bank of E Asia (00023.HK) repurchased 150,000 shares for HKD 1.5128 million on July 3rd.
Bank of E Asia (00023.HK) announced on July 3 that it spent HKD 1.5128 million to buy back 150,000 shares.
Uncertainty remains regarding interest rate cuts. According to KPMG, a high interest rate environment is beneficial for the profitability of Hong Kong banks.
KPMG recently released a report on the Hong Kong banking industry in 2024, pointing out that the balance sheet of Hong Kong banks recorded moderate growth due to the higher interest rate environment in 2023, with significant increases in net interest margin and operating surplus.
Bank of E Asia (00023) repurchased 107,360 HKD to buy back 107,400 shares on July 2.
Bank of E Asia (00023) announced that it will buy back 107,360 shares for approximately HKD 1.074 million on July 2, 2024.
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