SEHK:3988Banks
Bank of China (SEHK:3988) Margins Rise to 43%, Undervaluation Narrative Gains Traction
Bank of China (SEHK:3988) posted a net profit margin of 43% in its latest results, up from 38.4% a year ago, with EPS climbing 15.9% year-over-year. This is well above its 5-year average growth of 4.1% per year. The stock closed at HK$4.44, notably trading below its estimated fair value of HK$9.42, with a price-to-earnings ratio of just 5.5x compared to industry peers. These results highlight consistently strong profitability, improving margins, and valuation appeal that continues to draw...