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Hang Seng Index Company: The Hang Seng Stock Connect State-Owned Enterprise Value Index has risen by more than 26% since the beginning of the year, significantly outperforming the market.
Heng Seng Index Company stated that state-owned enterprises have significantly outperformed in the Hong Kong stock market in recent years.
Morgan Stanley: HK based banks have reduced risks and their valuation is reasonable.
On July 5th, Morgan Stanley released a report stating that hk based banks' stock prices outperformed the Hang Seng Index in the second quarter, indicating a reduction in tail risk for the industry and supporting a mean reversion of stock prices, but not a reassessment of valuations.
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.
In June, Hong Kong's mortgage for newly developed properties increased by nearly 1.8 times, reaching a 27-month high. The mortgage for existing properties also increased by nearly 40%.
According to the latest data from the Mortgage Referral Research Department and the Hong Kong Land Registry, the number of existing building mortgages in June was 4,943, an increase of 1,372 (38.4%) from May, reaching a new high in 8 months.
BOC HONG KONG HLDG To Go Ex-Dividend On July 3rd, 2024 With 2.92398 USD Dividend Per Share
July 1st (Eastern Time) - $BOC HONG KONG HLDG(BHKLY.US)$ is trading ex-dividend on July 3rd, 2024.Shareholders of record on July 3rd, 2024 will receive 2.92398 USD dividend per share on July 22nd, 202
Goldman Sachs rates BOC Hong Kong (02388) as a 'buy' with a target price of HKD 30.1.
Goldman Sachs suggests that the net interest margin of BOC Hong Kong may be relatively stable.
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Momentum Trader : Banks keep printing new highs in HK, MY, SG and JP ! Money parking in safe haven