|Bid||23.850 x 0|
|Ask||23.900 x 0|
|Day's Range||23.850 - 24.000|
|52 Week Range||23.600 - 33.350|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||11.55|
|Earnings Date||Aug 26, 2019 - Aug 30, 2019|
|Forward Dividend & Yield||0.83 (3.35%)|
|1y Target Est||27.50|
David Li’s tenure as CEO spans a tumultuous period in Hong Kong’s history, from the adoption of a dollar peg in 1983 to the Asian financial contagion and Hong Kong’s handover to China in the final years of last century, followed by a seven-year property bust. Li, who joined Bank of East Asia in 1969, was appointed CEO in 1981 and named chairman in 1997.
Hong Kong-based Bank of East Asia Ltd (BEA) reported on Wednesday a 30 percent drop in its 2018 profit with the previous year's earnings inflated by divestment of some non-core assets, and as operating costs rose. BEA, which counts Hong Kong and China as its main markets, posted a profit of HK$6.5 billion ($828.12 million) last year, compared with HK$9.3 billion in the previous year, it said in a statement to the Hong Kong stock exchange. BEA had recorded a gain of HK$3 billion from sale of some assets in 2017.
A Hong Kong insurance provider is to stop offering cover against the possibility of HNA-controlled Hong Kong Airlines folding, according to a notice issued by the insurer to its agents and seen by Reuters. Blue Cross Asia-Pacific Insurance Ltd, owned by Bank of East Asia , said in the notice that it would stop the provision for customers as of Monday. The note, first reported by the South China Morning Post, said the benefit item of "Special Allowance - Winding-up of Airline" would not apply to single-trip travel insurance plans issued on or after Jan. 7 for travellers on Hong Kong Airlines.
Oct 29 (Reuters) - Bank of East Asia Ltd: * BANK OF EAST ASIA ANNOUNCES DISPOSAL OF SHARES IN P.T. BANK RESONA PERDANIA * ENTERED INTO A SALE AND PURCHASE AGREEMENT WITH BANK OF YOKOHAMA FOR SALE OF 30% ...
Aug 29 (Reuters) - Bank of East Asia Ltd: * HY NET INTEREST INCOME FROM CONTINUING OPERATIONS HK$6.25 BILLION VERSUS HK$5.74 BILLION * HY PROFIT ATTRIBUTABLE FROM CONTINUING OPERATIONS HK$3,992 MILLION ...
Hong Kong-based Bank of East Asia Ltd (BEA) on Wednesday reported a jump of 26 percent in first-half profit, helped by loan growth and a surge in fee income, but flagged the trade friction between China and the United States as a concern. Net profit rose to HK$3.99 billion ($508.32 million) in the Jan-June period, compared with HK$3.17 billion a year earlier after the one-off gains it posted in that period from some business divestment, the lender said in a statement. The bank has survived as an independent lender in a market that is dominated by HSBC Holdings and Standard Chartered, while several of Hong Kong's other family-owned firms have been put up for sale amid deteriorating business conditions.
HONG KONG (Reuters) - Hong Kong's banking regulator and seven banks, including HSBC Holdings PLC (HSBA.L) and Standard Chartered PLC (STAN.L) (2888.HK), on Tuesday said they will jointly launch a trade ...