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<Research>DBS Raises BOC HONG KONG's TP to HKD36, Rating Buy
BOC HONG KONG (02388.HK)'s 1Q25 pre-provision operating profit rose by 12.9% YoY to HKD20 billion, according to a report from DBS. While its net interest margin narrowed by 6 b...
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<Research>DBS Raises BOC HONG KONG's TP to HKD36, Rating Buy
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SHORT SELL
 
STOCK INFO

BOC HONG KONG (02388.HK)  -0.050 (-0.149%)    Short selling $26.52M; Ratio 8.509%   's 1Q25 pre-provision operating profit rose by 12.9% YoY to HKD20 billion, according to a report from DBS. While its net interest margin narrowed by 6 bps YoY to 1.55%, its average interest-earning assets grew by 8.3%, driving net interest income up by 3.4%.

Given that its loan growth and asset quality were better than those of its peers, DBS predicted BOC HONG KONG to expand loan volumes and fee income as the main drivers of its revenue growth during the rate-cutting cycle.

Related NewsG Sachs: Decline in HIBOR/ Narrowing NIM Weigh on HK Banks' Profits, but Deposit Growth & Fee Income Provide Support
DBS reiterated a Buy rating for BOC HONG KONG and raised its target price from HKD34.5 to HKD36.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.)

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