Bank of East Asia 0023

Re: Bank of East Asia 0023

Postby winston » Mon Feb 15, 2016 3:16 pm

David Li: Operating Environment Not to Improve Significantly; Cost Control Continues to Be Primary Goal

Li Kwok Po David, the chairman and chief executive officer of BANK OF E ASIA (00023.HK), mentioned on the results press conference that the operating environment will not improve significantly in the coming year, so the bank will take cost control as its primary goal.

Meanwhile, the bank will stop recruitment.

BANK OF E ASIA planned to carry out the digitization in at least 30 Hong Kong branches in 2016.

By the end of this year, more than 50% of local branches will be turned in the digitized ones.

Source: AAStocks Financial News
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Re: Bank of East Asia 0023

Postby behappyalways » Tue Feb 16, 2016 3:42 pm

應對基金狙擊 擬售卓佳 董事會換血
李國寶:同Elliott鬥一鬥
http://hk.apple.nextmedia.com/financees ... 6/19492839
血要热 头脑要冷 骨头要硬
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Re: Bank of East Asia 0023

Postby winston » Sat Mar 05, 2016 10:50 am

not vested

Quek’s BEA play

BY GURMEET KAUR

Source: The Star

http://www.thestar.com.my/business/busi ... -bea-play/
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Re: Bank of East Asia 0023

Postby winston » Fri May 27, 2016 10:29 am

not vested

Sumitomo Mitsui Banking Adds Stakes in BANK OF E ASIA to 19.01%

According to HKEX's disclosure of interest information, Sumitomo Mitsui Banking has added 462,200 shares of BANK OF E ASIA (00023.HK) on 20 May on the market, and the shareholding has risen from 18.99% to 19.01%.

Average price per share is $27.911, involving $12.9 million.

Source: AAStocks Financial News
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Re: Bank of East Asia 0023

Postby winston » Fri Jun 24, 2016 12:12 pm

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<Research Report>G Sachs: BANK OF E ASIA 1H16 Profit Seems to be Worse than Expected; Target Cut to $23

Goldman Sachs, in its report, predicted the NIMs of BANK OF E ASIA (00023.HK) in 1H16 is lower than 2H15, with a flattish balance sheet and weaker-than-expected credit quality.

Cost management is a key focus, but the broker does not expect it to bear fruit in the short run, so the broker reinstated the rating Sell.

The broker reduced the EPS forecast for 2016/17/18 by 9%/7%/5%, and trimmed the target price from $23.8 to $23.

Under the M&A expectations, the share price of Bank of East Asia has surged over 40% from the February low (compared to HSI up 10%), and the current price seems to be pricing such expectations.

However, Lee's family members have not said in public that they intend to sell the bank. The broker believed that the falling consensus and the high valuation may pose stress on the share price after the result announcement.

Goldman Sachs said the credit growth in Hong Kong is weak, and the share price may be dragged by the large Hong Kong portfolio of the bank (about 42% of loans) and worsening trend in China NPL ratio.

Source: AAStocks Financial News
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Re: Bank of East Asia 0023

Postby winston » Sat Jul 23, 2016 9:43 am

not vested

Another go at BEA for Quek?

BY GURMEET KAUR

BEA also owns 23.5% of Affin Holdings Bhd, making it the second-largest shareholder after Lembaga Tabung Angkatan Tentera.


Source: The Star

http://www.thestar.com.my/business/busi ... -for-quek/
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