BofA Securities: Maintains BOC Hong Kong (02388.HK) "Neutral" rating and HK$51.36 target price; first nine months' results in line with expectations

ZHITONG FINANCE APP has learned that BofA Securities issued a research report stating that it maintains a "Neutral" rating and a target price of HK$51.36 for BOC Hong Kong (02388.HK), and keeps its earnings forecasts unchanged. The company's core earnings for the first nine months grew 1% year on year to HK$45 billion, while operating profit grew 3.7% year on year; both are equivalent to 76% of the bank's full-year forecasts, with results in line with expectations and on track to meet the full-year profit target as planned. The bank believes that the company's fundamentals remain solid, and its forecast dividend yield of 5% to 6% for 2026 to 2027 remains somewhat attractive.