- BOCHK reported net operating income before impairment of HK$71.25 billion, surpassing estimates of HK$69.67 billion.
- Net income amounted to HK$38.23 billion.
- Net interest income came in slightly below expectations at HK$52.33 billion, against an estimate of HK$52.66 billion.
- The net interest margin was reported at 1.46%, marginally below the estimated 1.47%.
- Net fee and commission income exceeded estimates, reaching HK$9.89 billion compared to the expected HK$9.48 billion.
- The final dividend declared per share was HK$1.419.
- The common equity Tier 1 ratio stood strong at 20%.
- In terms of investment ratings, there are 14 buy recommendations, 1 hold, and 1 sell.
A look at BOC Hong Kong (BOC HK) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, BOC Hong Kong (BOC HK) appears to have a positive long-term outlook. The company scores well in several key areas, including Dividend and Growth, indicating strong potential for future returns for investors. BOC HK’s resilience score also suggests that it is well-equipped to withstand market challenges, providing stability for its stakeholders. Additionally, the company’s high Momentum score implies that it is currently experiencing strong growth and performance momentum.
BOC Hong Kong (Holdings) Limited, offering a wide range of financial services in Hong Kong and China to both retail and corporate clients, seems positioned for sustained growth and performance based on its Smartkarma Smart Scores. With a balanced mix of strengths across various factors like Dividend, Growth, Resilience, and Momentum, BOC HK presents an appealing investment opportunity for those seeking a company with solid fundamentals and growth potential in the financial sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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