HKMA Expands RMB Business Facility: The Hong Kong Monetary Authority has increased the quota for the RMB Business Facility to RMB100 billion, expanding the list of participating banks to 40 starting from Phase 2.
Standard Chartered's Competitive Loans: Since the implementation of Phase 2 on December 1, Standard Chartered Hong Kong has begun offering competitive CNH loans to various corporate clients, including Cheongfuli (Hong Kong) Company.
HSBC's Utilization of Quota: HSBC has taken the lead in using the new quota, providing RMB1.4 billion in operating capital loans to a subsidiary of a Chinese listed company engaged in overseas markets.
BOC Hong Kong Promotes e-CNY: BOC Hong Kong is actively promoting the use of e-CNY in cross-border transactions to enhance regional financial market access.
Wall Street analysts forecast 02388 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02388 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 02388 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02388 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 40.400
Low
Averages
High
Current: 40.400
Low
Averages
High
Huatai Securities
Buy
maintain
Al Analysis
2025-10-30
Reason
Huatai Securities
Price Target
Al Analysis
2025-10-30
maintain
Buy
Reason
The analyst rating from Huatai Securities for BOC HONG KONG remains a Buy, with the target price increased from HKD42.18 to HKD45.59. The rationale behind this rating is based on the company's operating income and profit growth, despite a marginal slowdown in growth rates. The report notes that the slowdown was primarily due to fluctuations in non-interest income and higher provisioning. The overall positive outlook and the increase in the target price suggest confidence in the company's future performance.
Morgan Stanley
Morgan Stanley
Underweight
upgrade
2025-10-30
Reason
Morgan Stanley
Morgan Stanley
Price Target
2025-10-30
upgrade
Underweight
Reason
Morgan Stanley raised its earnings forecasts for BOC HONG KONG for 2025-2027 by 3%, 2%, and 2% respectively, due to several factors. The increase was driven by expectations of higher net interest income resulting from HIBOR, as well as strong anticipated performance in wealth and market-related fees, which would boost fee income. Additionally, improved cost discipline led to a reduction in cost forecasts for the same period. Despite these positive adjustments, Morgan Stanley maintained an "Underweight" rating and raised the target price from $33.4 to $35.7, indicating a cautious outlook on the stock.
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HSBC
HSBC Global Research
maintain
2025-10-30
Reason
HSBC
HSBC Global Research
Price Target
2025-10-30
maintain
Reason
The analyst rating for BOC Hong Kong (02388.HK) is a "Buy" based on several factors highlighted in the report by HSBC Global Research. The reasons for this rating include:
1. Positive 3Q25 Results: The bank posted positive results for the third quarter of 2025, indicating strong performance.
2. NIM Expansion: There was an expansion in the Net Interest Margin (NIM), which is a positive indicator for profitability.
3. Revenue Beat: The bank's revenue exceeded expectations, suggesting strong operational performance.
4. NPL Ratio Drop: A decrease in the Non-Performing Loan (NPL) ratio indicates improved asset quality.
5. Earnings Forecast Increase: The broker raised its earnings forecast for BOCHK by 2.9% for 2025 and 0.5% for 2026, reflecting optimism about future performance.
6. Target Price Increase: The target price was raised from HKD 44.5 to HKD 45.2, further supporting the positive outlook.
Despite some concerns, such as higher-than-expected credit costs and a worsening CASA mix, the overall assessment remains favorable due to the positive trends in NIM and revenue.
Citi Research
Buy
upgrade
2025-10-30
Reason
Citi Research
Price Target
2025-10-30
upgrade
Buy
Reason
Citi Research maintained a "Buy" rating for BOC Hong Kong due to stronger expectations for net interest income and improvements in operating expenses, which led to a 1% increase in their 2027 EPS forecast. Additionally, they raised the target price from $40.9 to $42.3, reflecting a positive outlook despite lower non-net interest income impacting their 2025/2026 EPS estimations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
