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<Research>G Sachs Rates BANK OF E ASIA as Sell w/ TP Raised to HKD14; 2H25 NP Misses
Recommend 2 Positive 5 Negative 1 |
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According to a report from Goldman Sachs, BANK OF EAST ASIA (00023.HK)'s 2H25 net profit dropped by 57% YoY or 58% HoH to HKD947 million, 34% lower than the broker's forecast. This underperformance was mainly due to an additional impairment of HKD625 million on investment properties and a one-time loss recorded by BANK OF EAST ASIA's associate, Guotong Trust, operating in China. Goldman Sachs has kept a Sell rating on BANK OF EAST ASIA and lifted its target price from HKD13.5 to HKD14. AAStocks Financial News |
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