Citi Keeps Buy on BOC HONG KONG, Cuts TP to HKD49.8
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Citi has maintained a Buy rating on BOC HONG KONGbut has slightly reduced its target price from HKD50 to HKD49.8 following the bank's 1Q26 results. The broker raised revenue forecasts for FY26-28 by 0-1% due to higher trading income, but increased operating expense forecasts by 2-3% due to business investments and integration costs, resulting in a 0-1% drop in EPS forecasts for the same period.
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