BOC Hong Kong (Holdings) (HKG:2388) Full Year 2024 Results
Key Financial Results
- Revenue: HK$66.2b (up 12% from FY 2023).
- Net income: HK$38.2b (up 17% from FY 2023).
- Profit margin: 58% (up from 55% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: HK$3.62 (up from HK$3.10 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BOC Hong Kong (Holdings) Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Banks industry in Hong Kong.
Performance of the Hong Kong Banks industry.
The company's shares are up 4.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with BOC Hong Kong (Holdings), and understanding this should be part of your investment process.
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