SEHK:23Banks
Bank of East Asia (SEHK:23) Stock Profit Holds Firm As Credit Risks Persist
Bank of East Asia stock has quietly climbed about 24% over the past month, yet today’s H1 print shows why the market still feels divided. The main takeaway is not the share price; it is a solid profit haul sitting on top of a balance sheet that carries elevated non performing loans and relatively low coverage.
Net income for the first half landed at HK$2,416 million with basic earnings per share of HK$0.91, while the net interest margin held at 1.85%. That mix gives investors a clearer...