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| HSI1 | 26,413.35 | -292.59 | 165.37B |
| HSCEI1 | 8,959.56 | -110.76 | 56.61B |
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2026-02-16 14:26:37 BANK OF E ASIA (00023.HK) announced its latest strategic guidance during its results conference, aiming to raise its ROE target to 7% by 2028, compared to 3.1% in 2025, with market expectations at 5.1%, Citi said in a research report. Citi noted that BANK OF E ASIA's dividend target for 2028 is doubled from 2025 level, implying a DPS of approximately HKD1.2 by 2028. It forecast that ROE will reach 6% by then, which is lower than the management's target but still well above the market's general forecast of 5.1%. Having been recently included in the Hang Seng Composite Index, BANK OF E ASIA could potentially be included in the Southbound Stock Connect in the future. Therefore, Citi upgraded BANK OF E ASIA from Neutral to Buy, raising the target price from HKD14.9 to HKD16. ~ AASTOCKS Financial News URL: www.aastocks.com | |