|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.6600 - 2.6600|
|52 Week Range||2.6600 - 4.1500|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||9.05|
|Forward Dividend & Yield||0.08 (2.71%)|
|1y Target Est||2.67|
Tens of thousands of demonstrators in Hong Kong surrounded the city's legislature on Wednesday, forcing it to postpone a second round of debate on an extradition bill that would allow people to be sent to mainland China for trial. The protesters, most of them young people dressed in black, erected barricades as they prepared to hunker down for an extended occupation of the area, in scenes reminiscent of pro-democracy "Occupy" protests that rocked the city in 2014.
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.
Moody's Investors Service has affirmed Bank of East Asia, Limited's deposit ratings at A3/P-2. At the same time, Moody's has affirmed the bank's Baseline Credit Assessment (BCA) and Adjusted BCA at baa2, Counterparty Risk Assessments (CR Assessments) at A1(cr)/P-1(cr), Counterparty Risk Ratings (CRR) at A1/P-1, Senior Unsecured debt rating at A3, senior unsecured MTN program rating at (P)A3, Commercial Paper and Deposit note/CD program ratings at P-2, Subordinated rating at Baa3/Baa3(hyb), Subordinated MTN program rating at (P)Baa3, and PONV perpetual Additional Tier 1 capital securities rating at Ba2(hyb).
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.
Moody's Investors Service has today concluded its reviews on Hong Kong banks' ratings, which were initiated on 27 April 2018 when Moody's designated Hong Kong as an Operating Resolution Regime (ORR) jurisdiction. There are no changes in the standalone baseline credit assessments (BCA) and, where applicable, the affiliate support assumptions and the Adjusted BCAs for all of the banks that were affected by today's rating action.