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Bank of China Reports FY Results
Research Reports on Gold Mining丨Zheshang: Maintain Bank Of China 'Buy' rating, Target Price 6.03 yuan.
Zheshang Research Reports indicates that Bank Of China (601988.SH) is expected to see a revenue growth of 1.2% year-on-year in 2024, with a slight slowdown in growth rate compared to the previous period, affected by a decline in interest margin but with other non-interest income growth declining. The net income attributable to the parent company is projected to grow by 2.6% year-on-year, with a growth rate rebound of 2.0 percentage points compared to the previous period, benefiting from cost control and a larger contribution from income tax. Looking ahead, impacted by the decline in interest margins and fluctuations in the bond market, it is anticipated that Bank Of China will face negative growth pressure on revenue in 2025. In terms of timing, significant pressure is expected in Q1, followed by a gradual realization of benefits from deposit interest rate cuts, and the decline in interest margins is expected to narrow. Additionally, the overseas business of Bank Of China is performing well.
Bank of China: H Shares Announcement-2024 Annual Report
Bank of China: Bank of China Limited 2024 Annual Report
Bank of China: Summary of the 2024 Annual Report of Bank of China Limited
H Shares Announcement-2024 Annual Results Announcement
Green Leaf Froggie : BOC HQ in Beijing & worldwide and BOC HK is only a branch
Green Leaf Froggie : buy BOC 3988 in HKD HSI or SGX HK SDR HBND in SGD
Green Leaf Froggie : buy now .. big 4 China banks earnings on 28 March 2025
Anivid : but it seems MACD is going down...