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Bank of East Asia
(0023)
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Rating:67Neutral
Price Target:
HK$19.50
â–²(12.59% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by mixed financial performance: a stable balance sheet and improving leverage are offset by a sharp 2025 profitability step-down and highly inconsistent cash flows. Technicals are supportive with price above major moving averages, but overbought signals (high RSI/Stoch) temper the outlook. Valuation adds modest support via a reasonable P/E and a solid dividend yield.
Positive Factors
Stable balance sheet and improving leverage
A large, relatively stable equity base and materially lower leverage provide BEA with greater resilience against credit or market stress. This financial flexibility can support continued lending, absorb volatility, and preserve strategic options over the next several quarters.
Negative Factors
Sharp decline in profitability margin
The steep margin contraction shows that recent revenue performance has not translated into comparably durable profitability. Persistently lower margins would reduce earnings resilience, constrain capital generation, and make future results more sensitive to changes in costs, credit conditions, or income mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable balance sheet and improving leverage
A large, relatively stable equity base and materially lower leverage provide BEA with greater resilience against credit or market stress. This financial flexibility can support continued lending, absorb volatility, and preserve strategic options over the next several quarters.
Read all positive factors
Bank of East Asia (0023) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$48.57B
Dividend Yield3.74%
Average Volume (3M)3.11M
Price to Earnings (P/E)14.3
Beta (1Y)0.52
Revenue Growth-8.57%
EPS Growth-24.85%
CountryHK
Employees7,669
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.27
Shares Outstanding2,646,773,200
10 Day Avg. Volume3,695,550
30 Day Avg. Volume3,107,998
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)0.33
Price to Sales (P/S)0.94
P/FCF Ratio5.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$13.62Price Target Upside-21.38% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)1.86
Revenue Forecast (FY)HK$22.12B
Bank of East Asia Business Overview & Revenue Model
Company Description
The Bank of East Asia, Limited, operating with its various subsidiaries, offers an extensive array of banking and related financial services. For individual customers, the bank provides a selection of account types, including savings, current, and...
How the Company Makes Money
BEA makes money primarily by operating as a deposit-funded lender and financial services provider. Its key revenue streams typically include: (1) Net interest income: BEA earns interest on loans and other interest-earning assets (e.g., corporate a...
Bank of East Asia Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.40B | 37.60B | 15.43B | 14.54B | 29.70B | 23.86B |
| Gross Profit | 14.38B | 14.42B | 15.43B | 44.25B | 17.27B | 15.82B |
| EBITDA | 5.71B | 5.12B | 6.71B | 6.13B | 5.82B | 7.11B |
| Net Income | 3.51B | 3.50B | 4.61B | 4.12B | 4.36B | 5.27B |
Balance Sheet | ||||||
| Total Assets | 936.88B | 920.99B | 877.76B | 860.36B | 882.83B | 907.47B |
| Cash, Cash Equivalents and Short-Term Investments | 42.83B | 54.58B | 41.30B | 89.59B | 112.15B | 120.64B |
| Total Debt | 49.80B | 29.37B | 53.42B | 53.37B | 51.16B | 58.95B |
| Total Liabilities | 829.38B | 815.36B | 772.02B | 752.03B | 786.57B | 805.39B |
| Stockholders Equity | 107.20B | 105.33B | 105.46B | 97.97B | 95.99B | 101.78B |
Cash Flow | ||||||
| Free Cash Flow | 2.71B | 6.52B | -8.28B | -17.60B | 9.86B | 1.71B |
| Operating Cash Flow | 3.32B | 6.92B | -7.74B | -16.92B | 10.41B | 2.32B |
| Investing Cash Flow | -41.97B | -1.16B | -318.00M | -511.00M | 2.13B | 2.67B |
| Financing Cash Flow | 44.54B | -12.63B | 4.94B | -1.74B | -31.28B | 41.78B |
Bank of East Asia Technical Analysis
Positive
17.32
Price Trends
15.51
Positive
14.41
Positive
13.89
Positive
Market Momentum
0.82
Positive
65.26
Neutral
53.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0023, the sentiment is Positive. The current price of 17.32 is above the 20-day moving average (MA) of 17.30, above the 50-day MA of 15.51, and above the 200-day MA of 13.89, indicating a bullish trend. The MACD of 0.82 indicates Positive momentum. The RSI at 65.26 is Neutral, neither overbought nor oversold. The STOCH value of 53.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0023.
Bank of East Asia Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$20.88B | 7.68 | 7.49% | 5.73% | -8.00% | 19.36% | |
74 Outperform | HK$1.22T | 7.02 | 12.33% | 4.38% | -0.16% | 5.69% | |
71 Outperform | HK$546.08B | 13.15 | 11.60% | 6.82% | -8.24% | 3.38% | |
69 Neutral | HK$549.03B | 6.95 | 9.34% | 5.09% | -3.15% | 1.80% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$48.57B | 14.31 | 3.30% | 3.74% | -8.57% | -24.85% | |
56 Neutral | HK$200.92B | 5.98 | 5.88% | 7.02% | -7.38% | -19.59% |
* Financial Sector Average
HK:0023
Bank of East Asia
18.17
6.33
53.49%
HK:2388
BOC Hong Kong (Holdings)
51.95
14.83
39.94%
HK:6818
China Everbright Bank Co
2.81
-0.53
-15.84%
HK:0998
China CITIC Bank
8.39
1.47
21.19%
HK:3968
China Merchants Bank Co
51.85
5.45
11.76%
HK:2356
Dah Sing Banking Group
14.66
4.90
50.28%
Bank of East Asia Corporate Events
Bank of East Asia Confirms Compliance in Independently Reviewed 2026 Interim Results
Sep 7, 2026
The Bank of East Asia, Limited has released its independently reviewed interim results for the six months ended 30 June 2026, following an earlier announcement of unaudited figures. The bank plans to publish its full 2026 interim report on the Hon...
Bank of East Asia appoints new company secretary as veteran executive retires
Sep 1, 2026
The Bank of East Asia has announced a change in its senior governance roles, with long-serving company secretary and authorised representative Alson Law Chun-tak stepping down effective 1 September 2026 due to retirement, after confirming there ar...
Bank of East Asia Delivers Modest Profit Growth in 2026 Interim Results
Aug 20, 2026
The Bank of East Asia reported unaudited interim results for the six months ended 30 June 2026, showing stable profitability despite a softer interest‑rate environment. Net interest income rose to HK$7.7 billion from HK$7.3 billion year̴...
Bank of East Asia Announces HKD 0.46 Interim Dividend With Scrip Option
Aug 20, 2026
The Bank of East Asia has declared an interim ordinary dividend of HKD 0.46 per share for the six months ended 30 June 2026, payable in cash by default with an optional scrip dividend scheme. Shareholders may elect to receive new shares instead of...
Bank of East Asia Sets August Board Meeting to Approve Interim Results and Consider Dividend
Jul 20, 2026
The Bank of East Asia, Limited, a long-established Hong Kong banking group listed under stock code 23, offers comprehensive commercial and retail banking services to customers in Hong Kong and beyond. Its operations and strategy are overseen by a ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.