Dividend YieldThe stock is an attractive dividend play, offering near 5% dividend yield at current valuation, appealing to long-term funds.
Investment UpgradeUpgrade to BUY with a higher HKD 8 TP mainly due to lower COE assumption, with strong personal loan growth and supportive consumption policies as catalysts.
Loan GrowthBOCOM's personal loan growth outperformed the market, with total personal loan balance increasing by 11.3% year-over-year.