On August 31, BOC HONG KONG rose 3.04% in regular trading, trading at HK$52.5/share, with turnover of HK$511 million. The stock continued its upward momentum following the release of interim results and a capital return plan that exceeded market expectations.

BOC HONG KONG reported H1 profit attributable to equity holders of HK$23.74 billion, up 7.1% year-over-year, with EPS rising to HK$2.2453 from HK$2.0959. Net interest income grew to HK$28.2 billion from HK$25.1 billion, driven by higher average interest-earning assets and a 3-basis-point expansion in adjusted net interest margin to 1.57%. In addition to a second interim dividend of HK$0.29 per share, the board approved a special dividend of HK$0.2388 per share and unveiled a three-year shareholder return plan for the period through to the end of the plan, pledging at least HK$10.5 billion in additional returns. Multiple investment banks had previously flagged the capital return plan as a key focus, and the special dividend effectively addressed market concerns over excess capital deployment.

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