M Stanley: BOC HONG KONG 1Q26 Results Mixed, Rated Underweight
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Morgan Stanley reported that BOC HONG KONGhad mixed results in 1Q26, with a 12 bps QoQ decline in NIM and a 3% QoQ increase in loans, surpassing forecasts. However, a contraction in deposits led to net interest income falling short of estimates. Morgan Stanley maintains an Underweight rating on the stock with a target price of HKD39.9.
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