BANK · JUSTIFIED PRICE-TO-BOOK
2388.HK
BOC Hong Kong (Holdings) Limited · Market price HKD 52.100000 as of 2026-09-03
REVIEWED EXPLANATION
What drives the range
This justified price-to-book analysis starts from reported book value per share of HKD 34.08 and tests sustainable ROE against the required return. The base case normalises ROE to 11.5% and produces HKD 40.90 per share, 21.5% below the recorded market price of HKD 52.10. The pessimistic case falls to HKD 23.86, while even the optimistic case reaches HKD 52.44, close to the recorded price. Under these assumptions, the shares do not show a clear valuation discount; the conclusion is especially sensitive to whether the reported 13.18% ROE can be sustained. This is scenario research, not an investment recommendation.
Method valuation-v1 · Calculated 2026-09-08 13:10 · Reviewed by hsitradenotification@gmail.com
The range is sensitive to the saved assumptions. It is not personalised advice, a forecast guarantee or an instruction to trade.