The Zhitong Finance App learned that Citibank released a research report saying that after the third quarter results of BOCHK (02388.HK), the updated model lowered the 2026 earnings forecast by 3%, mainly due to a 1% reduction in net interest income to reflect rising capital costs under deposit competition, a 2% reduction in fee revenue due to weakening market atmosphere, and an increase in credit costs to 30 basis points (previously 27 basis points); the bank slightly lowered the target price from HK$57.9 to HK$56.5, maintaining the “buy” rating. The bank also lowered its earnings forecast per share from 2027 to 2028 by 1%, taking into account lower interest rate hike expectations and a slowdown in fee revenue growth.

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