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