BOC Hong Kong A small pour up big blessing call overweight wait for good

BOC Hong Kong rebounded after a low opening this morning, with share prices rising 0.76% per cent to HK $13.34 and trading 25.2 million shares.　　The report said it maintained the unit's overweight rating, with a new target of HK $14.6, the equivalent of 1.6 times times the 2010 market, and a 9% per cent premium. He said that although BOC Hong Kong's revenue will not rebound rapidly, it is still relatively bullish on the unit. Because the worst is over, and it is likely to benefit from a string of positive factors in the future; including the stabilization of the credit market (which means that the write-off of the BOC Hong Kong Mortgage portfolio will be more likely to be reimbursed in the future) and that Hong Kong will be able to relax its business scope, including trade settlement, and that local property prices have risen again The mortgage business is also conducive to revaluation of the investment property and further overweight of the parent company. In turn, the profit forecast for BOC Hong Kong in 09 will fall by 10%.