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<Research>HSBC Global Research Hikes BOC HONG KONG (02388.HK) TP to $34.2, Rating Buy
Recommend
24
Positive
46
Negative
24
HSBC Global Research released a report, covering BOC HONG KONG (02388.HK), which beat both the broker’s and market's expectations for 2024’s profit, given NIM expansion and stable credit costs.

HSBC Global Research raised its profit forecasts for BOCHK for 2025 and 2026 by 5% and 4.4%, respectively, and increased the target price from HKD31.2 to HKD34.2, maintaining a Buy rating.

Related NewsJPM Lifts BOC HONG KONG's TP to $33.9 w/ Higher FY25-26 Earnings Forecasts

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