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<Research>Citi Lifts BOC HONG KONG (02388.HK) TP to $32.2, Keeps Rating at Buy
Citi Research issued a research report expecting BOC HONG KONG (02388.HK)'s 1Q25 operating profit to be $13 billion, up 23% QoQ and 1% YoY. The broker forecasted lower market i...
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<Research>Citi Lifts BOC HONG KONG (02388.HK) TP to $32.2, Keeps Rating at Buy
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Citi Research issued a research report expecting BOC HONG KONG (02388.HK)  +0.700 (+2.295%)    Short selling $46.44M; Ratio 21.280%   's 1Q25 operating profit to be $13 billion, up 23% QoQ and 1% YoY. The broker forecasted lower market interest rates to weigh on net interest income, while non-net interest income is likely to remain strong amid market sentiment recovery.

Therefore, the broker kept rating at Buy, and lifted its target price from $29.1 to $32.2 on FY2025 dividend yield of 6.8% and potential buybacks in FY2026.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-28 12:25.)

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