Diversified Banks

BOC HONG KONG

BOC HK Private Banking Business Stable Growth and Completed Acquisition

April 2026 Hong Kong Mortgage Market Data and Future Outlook

CICC Maintains Earnings Forecast and Rating for BOCHK

JPMorgan Reports CCB HK's Q1 Operating Profit Grows Mildly

Citi Updates Model for Bank of China (Hong Kong) and Maintains Buy Rating

Multiple Brokers Adjust Stock Ratings and Price Targets

BOC Hong Kong Maintains HK Dollar Prime Rate and Savings Deposit Rate

Morgan Stanley Maintains Underweight Rating on Bank of China Hong Kong, Sets Target Price at HKD 39.9

Goldman Sachs Upgrades China Construction Bank Corp Hong Kong to Buy

BOC Hong Kong Supports SMEs by Streamlining Application Processes

BOC reports 4.2% Q1 net profit growth to 56.63 billion yuan

BOC Hong Kong Reports 7% Q1 Profit Growth and Announces Interim Dividend

Morgan Stanley Predicts Decline in HSBC China's First Quarter Earnings

KMB Signs HK$500 Million Loan Agreement with BOC Hong Kong for Electric Bus Purchase

BOC Hong Kong (Holdings) to Hold Annual General Meeting for 2025 Fiscal Year

BOC Hong Kong to Release FY2026 Q1 Earnings on April 29 After-Market BJT

BC Hong Kong Innovation and Technology Award Winners Announced

BOC Hong Kong Increases Mortgage Cash Back to 1.2% to Compete

BoC Pay+ Platform Sees Continuous Growth in Customer Registrations and Transaction Volumes

Citi Maintains Buy Rating for Bank of China Hong Kong Holdings

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Ordinary dividend (cash)

Ex Date: 2026.05.13, Cash dividend 0.29 HKD

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CICC reported that BOC HONG KONGachieved a pre-tax profit increase of 0.8% YoY for 1Q26, surpassing expectations, despite a 0.4% YoY decline in operating income. The growth was attributed to lower impairment provisions. CICC maintained its full-year earnings forecasts, anticipating slight revenue and net profit growth, and kept the target price at HKD45.1 with an Outperform rating.

AASTOCKS News

CICC

Bank of China

BANK OF CHINA

Bank Of China

CICC: BOC HONG KONG  1Q26 Pre-tax Profit Beats; Maintains Outperform Rating

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.

Citigroup

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Citi Keeps Buy on BOC HONG KONG, Cuts TP to HKD49.8

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) experienced a significant increase in short interest in April, rising 13.6% to 13,320 shares as of April 15th. The short-interest ratio is currently 1.8 days, with 0.0% of the company's stock sold short. Goldman Sachs upgraded the stock from "neutral" to "buy," and it currently holds an average rating of "buy" among analysts. The stock opened at $114.85, with a 12-month range of $80.59 to $117.31.

Market Beat

Goldman Sachs

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BOC Hong Kong  Ltd. (OTCMKTS:BHKLY) Sees Large Increase in Short Interest

Citi has maintained a Buy rating on BOC Hong Kong (Holdings) with a price target of HK$50.00, while the stock closed at HK$44.08. The analyst consensus is a Moderate Buy with an average price target of HK$48.28, indicating a potential upside of 9.52%. Additionally, Goldman Sachs upgraded the stock to a Buy with a price target of HK$53.30.

Tip Ranks

Citi Keeps Their Buy Rating on BOC Hong Kong (Holdings) (BNKHF)

BOC HONG KONG has announced that it will maintain its HKD prime rate at 5% per annum and its savings deposit rate at 0.001% per annum. The bank's stocksaw a rise of 2.132%, with short selling amounting to $132.53 million and a ratio of 37.024%.

BOC HONG KONG  Keeps HKD Prime Rate Unchanged at 5%

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At midday close, HSI fell 322 points (1.2%) to 25,789, while HSTI dropped 48 points (1.0%) to 4,862. Major stocks like Xiaomi, Alibaba, and Tencent each saw declines of over 3%. Conversely, BOC Hong Kong, PetroChina, Weichai Power, and TCL Electronics reached new highs. Notable movements included SMIC up 6.4% and BYD down 4.2%.

- At midday close, the Hang Seng Index (HSI) fell by 322 points or 1.2% to 25,789, while the Hang Seng Technology Index (HSTI) dropped by 48 points or 1.0% to 4,862.  
- Key heavyweights like Xiaomi and Alibaba experienced significant declines, with short selling ratios indicating market pressure on these stocks.  
- Despite the overall downturn, companies like SMIC and China Life recorded gains, reflecting mixed performance within the market.

Alibaba

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Weichai Power

Sinopec Corp.

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Hang Seng China Enterprises Index

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HSI Down 322 pts; HSTI Down 48 pts; XIAOMI Down over 3%; BABA Down over 3%; TENCENT Down over 3%; BOC HONG KONG, PETROCHINA, WEICHAI POWER, TCL ELECTRONICS Hit New Highs

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.

Morgan Stanley

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M Stanley: BOC HONG KONG  1Q26 Results Mixed, Rated Underweight

BOC Hong Kongreported a 0.7% YoY decline in pre-provision operating profit to HKD20.007 billion for 1Q26, aligning with forecasts. The bank declared a first interim dividend of HKD0.29 per share. Net interest income rose 0.8% YoY to HKD14.934 billion, while net fee and commission income fell 13.2% YoY to HKD2.994 billion. Profit after tax increased 7% YoY to HKD12.493 billion. Net impairment allowances decreased to HKD790 million, reflecting a lower comparison base from the previous year.

BOC HONG KONG  1Q26 Pre-Provision Operating Profit Down 0.7% YoY to HKD20.007B, Near Upper End of Forecast; Declares First Interim DPS HKD0.29

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Brokers forecast BOC Hong Kong's 1Q26 pre-provision operating profit (PPoP) to be between HKD14.898 billion and HKD15.765 billion, reflecting a year-on-year decline of 1.3% to 6.7%. The bank's operating income is expected to decrease by 4.8% YoY, with a focus on its exposure to commercial real estate and management's guidance on credit costs and shareholder returns. Analysts predict a first interim dividend of HKD0.29 and highlight the importance of credit costs in determining future operating profit.

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WP CSI Banks ETF

VG Financial

Hwabao WP CSI Banks ETF

ChinaAMC CSI Banks ETF

Huaan CSI Banks ETF

UBS Group AG

Brokers Expect BOC Hong Kong  1Q26 PPoP to Exceed HKD14.8B-15.7B, Focus on Shareholder Return Guidance

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M Stanley forecasts that Hong Kong banks will report a decline in net interest income for 1Q26 due to a drop in HIBOR, but this will be offset by strong wealth management and market-related income. The report highlights asset quality as a key focus, particularly regarding exposure to commercial real estate. HSBC is expected to declare a quarterly dividend of USD0.10, while BOC Hong Kong is projected to declare HKD0.29. M Stanley maintains an Overweight rating on HSBC and Standard Chartered, and an Underweight rating on BOC Hong Kong.

- M Stanley reported that Hong Kong banks will announce their first quarter 2026 results from late April to May 5, with net interest income expected to decline quarter-over-quarter.  
- This decline is anticipated to be offset by strong wealth management and market-related income, while asset quality remains a key focus amid an uncertain macro environment.  
- The report also highlighted solid capital positions, with HSBC and Standard Chartered maintaining an Overweight rating, while BOC Hong Kong received an Underweight rating despite an earnings forecast increase.

HSBC HOLDINGS

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HSBC Holdings Plc

Standard Chartered PLC

China Southern CSI Banks ETF

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M Stanley Expects HK Banks' 1Q26 Net Interest Income to Face QoQ Pressure, Offset by Strong Market-Related Income

BOC HONG KONG(02388.HK)

CICC: BOC HONG KONG 1Q26 Pre-tax Profit Beats; Maintains Outperform Rating

Citi Keeps Buy on BOC HONG KONG, Cuts TP to HKD49.8

BOC Hong Kong Ltd. (OTCMKTS:BHKLY) Sees Large Increase in Short Interest

Citi Keeps Their Buy Rating on BOC Hong Kong (Holdings) (BNKHF)

BOC HONG KONG Keeps HKD Prime Rate Unchanged at 5%

HSI Down 322 pts; HSTI Down 48 pts; XIAOMI Down over 3%; BABA Down over 3%; TENCENT Down over 3%; BOC HONG KONG, PETROCHINA, WEICHAI POWER, TCL ELECTRONICS Hit New Highs

M Stanley: BOC HONG KONG 1Q26 Results Mixed, Rated Underweight

BOC HONG KONG 1Q26 Pre-Provision Operating Profit Down 0.7% YoY to HKD20.007B, Near Upper End of Forecast; Declares First Interim DPS HKD0.29

Brokers Expect BOC Hong Kong 1Q26 PPoP to Exceed HKD14.8B-15.7B, Focus on Shareholder Return Guidance

M Stanley Expects HK Banks' 1Q26 Net Interest Income to Face QoQ Pressure, Offset by Strong Market-Related Income

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