|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.1900 - 2.2200|
|52 Week Range||2.1000 - 3.8700|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||7.45|
|Forward Dividend & Yield||0.03 (1.24%)|
|Ex-Dividend Date||Sep 03, 2019|
|1y Target Est||2.32|
China will remove business restrictions on foreign banks, brokerages and fund management firms, a cabinet meeting chaired by Premier Li Keqiang said on Wednesday, state television reported. China has stepped up efforts to open its financial sector amid a festering trade war with the United States, with increased access to its financial sector among a host of demands from Washington.
Moody's Investors Service has assigned a Ba2(hyb) foreign currency rating to Bank of East Asia, Limited's proposed USD-denominated, undated, non-cumulative and subordinated Additional Tier 1 (AT1) capital securities. The undated AT1 capital securities will be drawn down from the bank's existing USD6 billion Medium Term Note (MTN) programme. The terms and conditions of the capital securities incorporate Basel III-compliant non-viability language in accordance with Hong Kong capital rules, and will qualify as regulatory AT1 capital.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Bank of East Asia, Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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.
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.