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<Research>BofAS Adds ABC's TP to $5.2, Rating Buy
ABC (01288.HK)'s 1Q25 net profit rose by 2.2% YoY, core earnings edged down by 0.3% YoY, and CET1 ratio dipped by 19 bps QoQ to 11.2%, BofA Securities issued a research report ...
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<Research>BofAS Adds ABC's TP to $5.2, Rating Buy
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ABC (01288.HK)  +0.060 (+1.263%)    Short selling $172.65M; Ratio 22.330%   's 1Q25 net profit rose by 2.2% YoY, core earnings edged down by 0.3% YoY, and CET1 ratio dipped by 19 bps QoQ to 11.2%, BofA Securities issued a research report saying. Its 1Q ROE also inched down by 0.7 ppts YoY to 10.3%.

In light of the clarity of capital injection by the nation-owned banks and the possibility of trade tensions escalating to their peak, BofA Securities lifted its target price for ABC to $5.2 from $4.93 and reiterated the Buy rating. It was upbeat about the bank's growth to outpace that of its peers.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-08 16:25.)

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