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<Research>BOCI Reduces ABC's TP to $6.08, Keeps Rating as Buy
ABC (01288.HK) reported higher earnings growth in 1Q25 among large banks, according to a report from BOCI.The bank's net profit grew by 2.2% YoY, compared to a YoY rise of 4.7%...
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<Research>BOCI Reduces ABC's TP to $6.08, Keeps Rating as Buy
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ABC (01288.HK)  -0.010 (-0.210%)    Short selling $91.07M; Ratio 27.930%   reported higher earnings growth in 1Q25 among large banks, according to a report from BOCI.

The bank's net profit grew by 2.2% YoY, compared to a YoY rise of 4.7% in the entire year of 2024, while its net interest margin dropped by 8 bps from 2024 to 1.34% in 1Q25. Its asset quality also improved during the quarter.

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BOCI trimmed its target price for ABC's H-shares to $6.08 from $6.1 and kept the Buy rating maintained.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-08 12:25.)

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