CICC: BOC Hong Kong (02388.HK) delivers steady profit growth with stable quarterly dividends.

Zhitong Finance APP has learned that CICC released a research report stating that BOC Hong Kong (02388.HK) announced its third-quarter results. In the first three quarters of this year, revenue increased by 2.3% year on year, profit before tax increased by 3.7% year on year, and profit after tax increased by 9% year on year; in the third quarter, revenue increased by 9% year on year and profit before tax increased by 13% year on year. The results were in line with the bank's expectations. The bank maintained its target price of HK$60.1 and its "Outperform" rating unchanged.