The Zhitong Finance App learned that Goldman Sachs released a research report stating that it raised the target price of BOCHK (02388.HK) from HK$57.8 to HK$59.7, and raised the 2026-2028 net profit forecast by 1.5%, 4.5% and 0.3% respectively, mainly reflecting the more favorable interest rate outlook after revising the HIBOR forecast, as well as raising the 2026 loan growth assumption based on system data. The bank expects that BOCHK will announce its results for the third quarter of 2026 in late October. It predicts net profit of 11.5 billion yuan, up 28% year on year and 1% month on month. Operating profit before provision will increase 18% year on year and decrease 1% month on month.
Zhitongcaijing · 3d ago
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The Zhitong Finance App learned that Goldman Sachs released a research report stating that it raised the target price of BOCHK (02388.HK) from HK$57.8 to HK$59.7, and raised the 2026-2028 net profit forecast by 1.5%, 4.5% and 0.3% respectively, mainly reflecting the more favorable interest rate outlook after revising the HIBOR forecast, as well as raising the 2026 loan growth assumption based on system data. The bank expects that BOCHK will announce its results for the third quarter of 2026 in late October. It predicts net profit of 11.5 billion yuan, up 28% year on year and 1% month on month. Operating profit before provision will increase 18% year on year and decrease 1% month on month.
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