BOCI Slightly Raises ABC TP to HKD7.28, Maintains Buy Rating

AASTOCKS News
2026.05.05 03:43
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BOCI has slightly raised the target price for ABCfrom HKD7.27 to HKD7.28 while maintaining a Buy rating. ABC reported a 4.5% year-on-year increase in net profit for 1Q26, up from 3.6% in 4Q25. The net interest margin decreased to 1.26% in 1Q26 from 1.28% in 2025. The broker noted an improvement in ABC's asset quality during the quarter. Short selling data indicates a ratio of 39.549% with a total of $167.01M.