Wang On Properties Unit Gets Over HK$1 Billion in Loan Facility; Shares Up Nearly 6%
Express News | Exclusive-Chinese Banks Are Cutting U.S. Dollar Deposit Rates on PBOC Guidance, Sources Say
[Brokerage Focus] HAITONG INT'L maintains the BANK OF E ASIA (00023) outperforming the market rating and expects its Net income for 2025 to grow by 7.8% year-on-year.
Jinwu Finance News | HAITONG INT'L research points out that BANK OF E ASIA (00023) released its full-year performance for 2024. In 2024, revenue, profit before provisions, and net income attributable to shareholders increased by +1.1%, +0.3%, and +11.9% year-on-year respectively. The dividend per share rose from HKD 0.54, an increase of 27.8% year-on-year, to HKD 0.69. The return on assets rose by 0.1 percentage points year-on-year to 0.5%, and the return on equity increased by 0.4 percentage points to 4.0%. The core Tier 1 capital adequacy ratio increased by 0.4 percentage points year-on-year to 17.7%. The bank indicated that net interest income is expected to decline by 2.0% year-on-year in 2024.
The Bank of East Asia, Limited's (HKG:23) Largest Shareholders Are Private Companies Who Were Rewarded as Market Cap Surged HK$2.6b Last Week
HSBC Upgrades The Bank of East Asia to Buy From Hold; Price Target Is HK$12.80
Hong Kong stock movement | BANK OF E ASIA (00023) rises more than 4% after earnings, with non-interest income expected to maintain rapid growth and an actively optimized loan structure.
BANK OF E ASIA (00023) rose more than 4% after the earnings report, reaching an increase of 4.36% at the time of writing, priced at 11.02 Hong Kong dollars, with a trading volume of 13.4648 million Hong Kong dollars.
The Five-year Loss for Bank of East Asia (HKG:23) Shareholders Likely Driven by Its Shrinking Earnings
