Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03988 BANK OF CHINA
RTNominal down3.230 -0.020 (-0.615%)
Others

12/07/2018 09:54

[I-bank focus]Credit Suisse lowers BOC (03988) to HK$4.7

[ET Net News Agency, 12 July 2018] Credit Suisse lowered its target price for Bank of
China (BOC)(03988) to HK$4.7 from HK$4.9, and reiterated its "outperform" rating.
The research house lowered its FY2018-20 earnings forecasts by 5-7% mostly to account
for higher loan loss provisions. It expects BOC's core earnings growth to track roughly in
line with its asset growth of 7% in 2018.
Credit Suisse adjusted its credit cost estimates for BOC to 81bp in 2018 (from 62bp),
despite the bank posted a 30% YoY decline in 1Q credit costs. It believes the bank targets
flattish YoY credit cost in 2018 (though remain the lowest among Big 4) to build its
reserve-to-loan ratio towards 2.54% by end-2018. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.