Bank of China

The reason for the impressive surge in the H-shares of China bank stocks

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On May 10, 2024, the H-shares of the China Banks rose substantially. The four largest state-owned banks in China ended the day with the following closing prices: News reports that the China authorities are considering the the City’s proposals to reduce the 20% dividend withholding tax on stocks purchased through the Southbound Stock Connect account for the impressive gains in the stock … Read more

ICBC, CCB, BOC and ABC plan to begin paying interim dividends in 2024

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Four of China’s largest state-owned banks: Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Bank of China (BOC) and Agricultural Bank of China (ABC), have recently announced plans to pay interim dividends (half-yearly) beginning in 2024.This move signals the intent and resolve of management to continuously enhance shareholder value through increased frequency … Read more

Broker Ratings and Target Prices for Bank of China (3988.HK)

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April 2, 2024 Touzibozhu Bank of China Broker Recommendations and Target Prices Broker Rating Target Price HK$ Huatai Securities Overweight 4.40 Citibank Buy 4.21 GF Securities Buy 3.91 CICC Outperform 3.90 JP Morgan Overweight 3.80 Bank of America Buy 3.80 HSBC Buy 3.50 Haitong International Outperform 3.39 UBS Buy 3.35 Nomura Neutral 3.23 Goldman Sachs Neutral 2.49 … Read more

Broker Recommendations and Target Prices for the H-share of the Bank of China (BOC)

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Bank of China Logo

Introduction

In a previous article, I laid out the reasons why I added the H-share of the Bank of China (BOC) to my dividend income portfolio. In the same article I also described the discounted cash flow analysis which I used to estimate the intrinsic value of Bank of China (BOC) H-share, which worked out to be 4.207HK$ per share.

Not long after the article was posted on my blog, I came across a piece of news article on AAStocks.com which provided a summary of the latest Brokers’ Recommendations and Target Prices for Bank of China H-share (3988.HK).

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