|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||3.1700 - 3.1700|
|52 Week Range||2.9500 - 4.4800|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||10.78|
|Forward Dividend & Yield||0.17 (5.40%)|
|1y Target Est||2.67|
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.
Moody's Investors Service ("Moody's") has assigned a local currency short-term rating of P-2 on review for upgrade to Bank of East Asia, Limited's HKD60 billion Certificate of Deposit (CD) programme. Bank of East Asia's CD programme rating is inline with the bank's commercial paper ratings. In assigning the P-2 rating on review for upgrade, Moody's has also considered the liquidity sources available to the bank, as well as the liquidity buffers that Hong Kong banks are required to maintain under prudential measures.