02388 BOC HONG KONG
- 24.600
- +0.950+4.02%
BOC HONG KONG News
BOC Hong Kong (Holdings) (BNKHF) Gets a Buy From DBS
Banks' stocks are experiencing a "rare" big drop, JPMorgan: There is no reason for it!
JPMorgan believes that the trend of funds flowing into high-yielding stocks will continue, and the performance of bank stocks is not significantly below expectations. The performance growth rate of JPMorgan, Bank of Communications, Ningbo Bank, and China Citic Bank in the first half of 2024 and expected earnings for the fiscal year 2024 are still on track, so there is no need to overly worry about banks reducing dividends due to capital pressure.
CICC: Maintains the 'outperform' rating for BOC Hong Kong, with a target price raised to HKD 29.53.
CICC expects boc hong kong (02388) to effectively utilize capital through dividends, buybacks, or external mergers and acquisitions in the future.
The effect of interest rate cuts on deposits is gradually becoming apparent, with interest expenses of many national banks decreasing in the first half of the year, and some banks reducing by more than 7%.
① According to the semi-annual reports of joint stock banks and state-owned banks, although the trend of deposit regularization is obvious, and coupled with the expansion of deposit scale, the cost of debt has actually been reduced for many banks. ② Recent earnings conferences have shown that executives of various banks have expressed the need to adjust the asset-liability structure, strengthen cost control of liabilities, and attract low-cost deposits. This will be the focus and deployment direction for commercial banks in the second half of the year.
BOC Hong Kong: Chinese Economy Expected to Continue Revival, Hong Kong Merchandise Exports Likely to Stabilize
BOC Hong Kong 1H Operating Profit Before Impairment Allowances HK$27.215B Vs. HK$25.905B >2388.HK
BOC Hong Kong (Holdings) 1H Net HK$20.04B Vs. Net HK$17.00B >2388.HK
[Hong Kong Stock Connect] BOC Hong Kong (02388) reported a 17.9% year-on-year increase in interim profit and paid an interim dividend of 0.57 Hong Kong dollars.
Kinwai Financial News | BOC Hong Kong (02388) announced that for the six-month period ended June 30, 2024, shareholders' share of profit attributable to be 20.04 billion yuan (Hong Kong dollars, the same below), a year-on-year increase of 17.90%; the net profit for the period was 20.463 billion yuan, up 13.2% year-on-year; basic earnings per share were 1.8954 yuan, with a mid-term dividend of 0.57 yuan. The average return on equity and average total assets were 12.39% and 1.00% respectively. During the period, net interest income amounted to 25.982 billion yuan, an 11.95% year-on-year increase, mainly due to the growth of average interest-earning assets.
BOC Hong Kong Proposes EY as New Auditor
BOC Hong Kong Announces Improved 2024 Interim Results
BOC Hong Kong (02388.HK) intends to appoint Ernst & Young as the auditor.
As of August 29, GLONHO announced that, at the recommendation of the Audit Committee, the board of directors approved the appointment of Ernst & Young as the auditor for the 2024 fiscal year, subject to approval at a special general meeting of shareholders. The board of directors proposed that, if appointed, Ernst & Young's term would last until the end of the next annual general meeting of shareholders.
BOC Hong Kong (02388.HK) recorded a half-year profit of HKD 20.463 billion, representing a year-on-year increase of 13.2%.
On August 29, BOC Hong Kong (02388.HK) announced that the net operating income before the provision for impairment for the first half of 2024 was HKD 35.336 billion, an increase of HKD 4.498 billion or 14.6% compared to the previous year. The net profit for the first half of 2024 was HKD 20.463 billion, a 13.2% increase compared to the second half of 2023. The average return on equity and average return on total assets were 12.39% and 1.00% respectively. The basic earnings per share were HKD 1.8954, and the interim dividend per share was HKD 0.57.
BOC Hong Kong (02388) will distribute a mid-term dividend of HKD 0.57 per share on September 27th.
BOC Hong Kong (02388) announced that the company will distribute an interim dividend of HK$0 per share on September 27, 2024.
Express News | BOC Hong Kong - as at Hy End, Common Equity Tier 1 Capital Ratio 20.05%
Express News | BOC Hong Kong - to Propose Appointment of EY as Auditor
Express News | BOC Hong Kong - Interim Dividend of HK$0.570 per Ordinary Share
Express News | BOC Hong Kong Holdings H1 Net Income HKD 20,463 Million
Express News | BOC Hong Kong Holdings H1 Net Interest Income HKD 25,982 Million
Express News | BOC Hong Kong Holdings H1 Net Interest Margin 1.46%
Express News | BOC Hong Kong Holdings H1 Operating Expenses HKD 8,121 Million
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