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Daiwa: Maintains boc hong kong's "In Sync with the Market" rating, with the target price raised to 24.2 Hong Kong dollars.
Morgan Stanley released a research report stating that it maintains a 'market perform' rating on BOC Hong Kong (02388), as strong growth in system deposits has raised expectations for interest-earning assets (AIEA), offsetting lower net interest margin (NIM) forecasts, leading to upward revisions in net interest income forecasts for 2024 and 2026, with the target price increased by 1.7% to 24.2 Hong Kong dollars from 23.8 Hong Kong dollars. Following the upward revision in profit forecasts, Morgan Stanley raised its bearish/neutral/bullish forecasts by 2.8%/1.6%/0.5% respectively. The report indicates that non-Net Interest Income forecast for BOC Hong Kong has been raised, reflecting an increase in forex swap income.
Daiwa: Maintains boc hong kong (02388) 'In Sync with the Market' rating, target price raised to 24.2 Hong Kong dollars.
Daiwa has raised boc hong kong (02388) bearish/basic/bullish market forecasts by 2.8%/1.6%/0.5% respectively.
Trending Industry Today: CHINA VANKE Leads Gains In Greater Bay Area Stocks
Interbank certificate of deposit quotas are in urgent need! Some banks are already below 5%, and the situation may improve in the fourth quarter.
①The balance of negotiable certificates of deposit in the six major state-owned banks accounts for 82.04% of the 2024 record amount, while the balance of negotiable certificates of deposit in joint stock banks accounts for 68.75% of the 2024 record amount. ②The supply of government bonds in the fourth quarter will significantly decrease compared to the third quarter, and the scale of interbank certificates of deposit maturing will also decrease significantly.
BOC Hong Kong Appoints New Auditor With Major Shareholder Approval
Central Bank responds to "Switching Mortgages", stating that the initial phase will start from this bank. Industry insiders expect new mortgages to replace existing ones, with limited impact on the existing market.
The emphasis on "initially implementing mortgage transfers within the bank" is mainly because the existing housing loans are still high-yield, low-risk quality assets for banks. Allowing inter-bank mortgage transfers will intensify competition among banks, which is not conducive to the stability of the mortgage market. Banks are expected to negotiate with customers, and both parties will sign a new mortgage contract to replace the original one.
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