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<Research>HSBC Research Hikes BANK OF CHINA's TP to $5.2, Rating Kept Buy
Recommend 20 Positive 56 Negative 23 |
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HSBC Global Research wrote in its report that BANK OF CHINA (03988.HK) delivered moderately positive results for 4Q24. Benefiting from overseas operations, the bank's quarterly net interest margin outshone its peers like CM BANK (03968.HK) and BANKCOMM (03328.HK). Meanwhile, the bank's fee income also achieved positive growth with improved cost control, but its EPS and DPS may be diluted after the national capital injection. HSBC Global Research kept the Buy rating on BANK OF CHINA and raised its target price from $5 to $5.2. AAStocks Financial News |
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