02388 BOC HONG KONG
- 23.850
- +0.150+0.63%
BOC HONG KONG News
Central Plains Mortgage: 726 remortgages were registered in Hong Kong in March, down 41% from the previous month to a record low
Zhitong Finance App learned that Wang Meifeng, managing director of Zhongyuan Mortgage Research, pointed out that according to data from the Central Plains Research Department, the Bank of Hong Kong recorded 726 loan transfers in March 2024. The number hit a record low since 2017, a sharp decrease of 40.9% month-on-month. The reason was that banks raised mortgage interest rates and reduced rebate offers since September last year. The reason for conversion has been drastically reduced, causing the number of conversion applications to drop significantly since the fourth quarter of last year. According to figures from the Hong Kong Monetary Authority, the number of new referrals in February has been falling for 5 months to a 15-year low. As a result, the number of referrals registered in the first quarter of this year has been falling for 2 consecutive months, and fell even lower in March
Central Plains Mortgage: Hong Kong's low level of subsidized housing mortgage registrations in March rebounded more than 3.4 times to a 9-month high
In March, Hong Kong recorded a total of 1,649 subsidized housing mortgage registrations, a sharp rebound of 344.5% from the record in February, a sharp rebound of 344.5% month-on-month, to a record high of the past 9 months. Of these, a total of 1,227 mortgage registrations were registered in the first quarter.
2023年報
Buy Rating Affirmed for BOC Hong Kong (Holdings) Amid Positive Financial Outlook and Strategic Growth Initiatives
Bank of China Hong Kong: Artificial intelligence has a positive impact on US companies' profits, keep an eye on the performance of US companies in the first quarter
The Zhitong Finance App learned that Zhang Shiqi, head of the Wealth Strategy and Analysis Department of the Bank of China Hong Kong's Personal Digital Financial Products Division, published an article stating that due to economic growth and the popularization of artificial intelligence, the profit growth forecast for US stocks in 2024 has increased as a result. According to the latest data, the annual profit growth forecast for S&P 500 companies in 2024 has risen from February to 9.4% now. The forecast for 2025 is an increase of 14.7%, which is significantly better than the 0.39% increase in 2023. The Federal Reserve's repeated delays in starting interest rate cuts are also reflecting a strong economy, which is expected to have a positive impact on the profits of US companies. Investors can pay more attention to the upcoming
UBS: Maintaining BOCHK's (02388) “Neutral” Rating and Raising the Target Price to HK$21.8
The Zhitong Finance App learned that UBS released a research report stating that it maintains the “neutral” rating of BOCHK (02388). It is expected that in its 2024 first-quarter results announced at the end of April, pre-provision profit and operating profit will grow well. The net interest spread is expected to continue to narrow, and the target price will be raised from HK$20 to HK$21.8. The bank expects adjusted net interest income to record a significant year-on-year increase at a low base. The bank believes that even if the total amount of loans in the banking system falls by 1.8% from the end of 2023, it is still expected that BOCHK loans will increase slightly in the first quarter of this year. In 2023, medium silver incense
Wanlian Securities: The bank's overall profit growth or entry into the bottom zone, and the short-term sector's defensive properties are still quite obvious
Looking back, in high dividend strategies, support factors on the denominator side may have responded a lot, and stability on the molecular side has become the key logic for high-dividend stock selection.
Bank of China Hong Kong (02388.HK) held a board committee meeting on April 29 to review and approve the financial and business review for the first quarter
Gelonghui, April 17, 丨 BOCHK (02388.HK) announced that it will hold a board committee meeting on April 29, 2024 (Monday) to review and approve (including) the company's financial and business review for the first quarter of 2024.
董事委員會會議召開日期
Citibank: Target price for BOCHK (02388) “Buy” rating reduced to HK$25
Since most time deposits have a term of 3 to 6 months, Citi expects bank financing costs to improve in the next quarter.
BOC Bank Announces Key Leadership Updates
BOC to Release New Core Software Soon AMARILLO, Texas, April 16, 2024 /PRNewswire/ -- Since its inception, BOC Bank, a family-owned institution rooted in Amarillo, Texas, with a longstanding banking
Bank of China Hong Kong (02388): The number of new private wealth clients increased by 80% year-on-year as of February
Wen Xiwen, deputy general manager of the personal finance and wealth management department of BOCHK (02388), said that as of February this year, the overall number of BOC private wealth customers has increased by 20% year over year, and new customers have increased 80% year by year.
Jefferies: The target price for the BOC Hong Kong “buy” rating was raised to HK$26.5
Jefferies released a research report saying that although industry concerns about real estate still exist, the peak of the provision cycle, cross-border opportunities, and openness to shareholder returns made BOCHK (02388) popular with investors and positive views 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 may be repurchased in the future.
Jefferies: The target price of the “buy” rating for BOCHK (02388) was raised to HK$26.5
Bank of China Hong Kong management is open to other possibilities, and repurchases may be carried out in the future.
Buy Rating for BOC Hong Kong (Holdings) Backed by Regional Growth and Financial Prudence
Bank of China Hong Kong (02388): The Fed's interest rate cut this year is still the general direction April and May are the observation period
Interest rate cuts seem to be getting farther and farther away, but Zhang Shiqi believes that cutting interest rates during the year is still the general direction; however, we need to be very careful about the timing.
BOC HONG KONG HLDG To Go Ex-Dividend On July 3rd, 2024 With 2.92398 USD Dividend Per Share
April 10th - $BOC HONG KONG HLDG(BHKLY.US)$ 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, 2024. The e
DBS: Reiterates Bank of China Hong Kong's “Buy” Rating Target Price Reduction to HK$26.3
DBS released a research report stating that it reaffirms the BOCHK (02388) “buy” rating and expects a compound annual profit growth rate of about 4% between 2023 and 2026. The net interest spread is expected to decline year-on-year in the second half of the year. It is expected that the economic prospects of the Mainland and Hong Kong will stabilize, which may support the mid-term growth of their stock prices. However, the target price was lowered from HK$29.7 to HK$26.3, and the profit forecast for this year and next two years was lowered by about 3% and 5%. According to the report, BOCHK's profit in 2023 increased 26.1% year on year, in line with market expectations. The ratio of non-performing loans increased by 0.52 percent year on year
DBS: Reiterates Bank of China Hong Kong's (02388) “Buy” Rating Target Price Reduction to HK$26.3
The Zhitong Finance App learned that DBS has released a research report stating that it reaffirms the Bank of China Hong Kong (02388) “buy” rating. It is expected that the compound annual profit growth rate between 2023 and 2026 will be about 4%. It is expected that the net interest margin will drop year on year this year and next. It is expected that the economic prospects of the Mainland and Hong Kong will stabilize, which can support the mid-term growth of its stock price, but the target price was lowered from HK$29.7 to HK$26.3, and the profit forecast for this year and next two years was lowered by about 3% and 5%. According to the report, BOCHK's profit in 2023 increased 26.1% year on year, in line with market expectations. The ratio of non-performing loans was year-on-year
Damo: Target price of HK$22.2 for BOCHK's “In sync with the market” rating
Morgan Stanley released a research report saying that BOCHK (02388) maintained a target price of HK$22.2 after the results. The rating was “in sync with the market”, and most of the earnings estimates remained unchanged.
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