Bank of China Hong Kong management is open to other possibilities, and repurchases may be carried out in the future.
The Zhitong Finance App learned that although the industry's concerns about real estate still exist, the peaking provision cycle, cross-border opportunities, and openness to shareholder returns have made BOCHK Hong Kong (02388) popular with investors and have a positive view on its net interest income outlook. The loan growth in the first quarter was better than the market, and the target price was raised from HK$24 to HK$26.5, giving it a “buy” rating. Jefferies added that in terms of return on capital, the dividend payout ratio was 54% last year, and management is open to other possibilities, and repurchases may be carried out in the future.