newslotsiteswithafreesignupbonus| Big Bank Rating| Citigroup: Raise BOC Hong Kong target price to HK$28.2, net interest income in the first quarter exceeded expectations

Citigroup releases reportnewslotsiteswithafreesignupbonus, considering that BOC Hong Kong's net interest income in the first quarter exceeded expectationsnewslotsiteswithafreesignupbonus, raising its forecast for net interest income from 2024 to 2026 to range from 1% to 2%. In addition, the report raised BOC Hong Kong's non-interest income forecast for the period to range from 1% to 2%, reflecting the recent improvement in market sentiment and laying the foundation for the recovery of fee income. As a result, the bank raised BOC's earnings per share forecast from 2024 to 2026 by 1% to 3%. The bank raised its target price from HK$25 to 28 accordinglynewslotsiteswithafreesignupbonus.2 Hong Kong dollars, due to the reduction of macro uncertainties, the cost of equity forecast was slightly lowered.