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<Research>BofAS Lifts BANK OF CHINA (03988.HK) TP to $4.51 as 3Q Results Largely in Line
Recommend 21 Positive 31 Negative 20 |
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BANK OF CHINA (03988.HK)'s 3Q25 results were largely in line with expectations, BofA Securities issued a research report saying. Net profit for 9M25 was RMB177.7 billion, up 1.1% YoY, representing an improvement from a 0.9% YoY drop in 1H25. Due to the impact of equity dilution, EPS still recorded a slight YoY decline. The broker raised its 2025-2027 earnings forecasts for BANK OF CHINA by 0.9-1.6%, and lifted its target price for BANK OF CHINA's H-shares by about 2% to $4.51, from $4.42. BofA Securities also added its target price for BANK OF CHINA's A-shares (601988.SH) from RMB5.32 to RMB5.46. Based on its unattractive dividend yield and potential pressure on net interest margin from possible Fed rate cuts, the broker reiterated rating at Neutral. AASTOCKS Financial News Website: www.aastocks.com |
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