HSBC Global Research maintained a Buy rating on BANK OF CHINA due to better-than-expected EPS performance for 2025, driven by strong growth in assets, net interest income, and investment returns, along with superior mortgage asset quality compared to peers. The target price was raised from HKD5.5 to HKD5.7, and EPS forecasts for 2026-27 were increased by 2.4% and 1.9%, respectively.