Manyi Lu Recommends ‘Buy’ on BOC Hong Kong Citing Solid Performance and Growth Potential Despite NPL Increase

News Snapshot:

DBS analyst Manyi Lu has reiterated their bullish stance on BNKHF stock, giving a Buy rating on April 2. Manyi Lu has given his Buy rating due to a combination of factors including BOC Hong Kong (Holdings)’s solid performance and the potential for future growth. Despite a year-over-year increase in the non-performing loan (NPL) ratio, BOC Hong Kong’s NPL remains lower than its peers, reflecting better asset quality. The firm also outperformed other Hong Kong banks in terms of loan growth during a period of overall negative loan growth in the region. Manyi Lu anticipates that BOC Hong Kong will...