Citigroup: China Overseas (00688) core profit met expectations last year, rated as "buy"

date
15:55 31/03/2026
avatar
GMT Eight
The company's total annual dividend is 50 Hong Kong cents, a decrease of 17% compared to the previous year, with a dividend payout ratio of 38% maintained.
Citigroup released a research report stating that CHINA OVERSEAS (00688) saw a 17% decrease in core profit from the previous year to 13 billion yuan, in line with the bank's expectations; Gross profit margin decreased to 15.5%, net profit margin fell to 7.7%, and net gearing ratio improved to 34.2%. The company's full-year cumulative dividend was 50 Hong Kong cents, down 17% year-on-year, with a dividend payout ratio of 38%. Citigroup has set a target price of 17.2 Hong Kong dollars for China Overseas and maintains a "buy" rating.