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BOC Hong Kong Holdings Ltd 02388 Stock Quote

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XHKG: 02388

Last close prices updated as of Mar 27, 2023, 4:08 PM HKT | HKD
  • Last Close 25.15
  • Sector Financial Services
  • Industry Banks - Regional
  • Investment Style Large Value
  • Day Range 24.75  –  25.20
  • Year Range 23.55  –  31.85
  • Market Cap 261.6763 Bil
  • Volume / Avg 6.2 Mil /  10.8 Mil
  • Price / Sales 4.01
  • Price / Book 0.83
  • Forward Div Yield 4.49%
  • Trailing Div Yield 4.94%

Morningstar‘s Stock Analysis 02388

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Is it the right time to buy or sell?

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5-Star Price


Economic Moat


Capital Allocation


Asian Banks’ Vulnerability to Bank Runs Is Low, but Suddenly Earnings Outlooks Are Under Pressure

Michael Makdad Senior Equity Analyst

Analyst Note

| Michael Makdad |

Shares of Asian banks in our coverage declined again Thursday morning after Credit Suisse’s 24% drop overnight to below CHF 1.70 per share reignited concerns about global financial stability that emerged last week with the failure of Silicon Valley Bank. In terms of systemic risk, we see very low risk of bank runs occurring anywhere in Asia given policy support from each government and the absence of problematic large institutions like Credit Suisse which could become vectors of contagion. Japanese banks are the most susceptible in Asia, in our view, to worries over financial stability in the United States or Europe due to their greater linkages with these regions. Next in terms of vulnerability, in our view, is the Korean banking system, which depends on having access to U.S. dollar liquidity. However, we think the U.S. Federal Reserve, or the Fed, can be relied upon to set up a currency swap arrangement with the Bank of Korea again if needed to ensure stability. The Fed has a continuous unlimited swap agreement with the Bank of Japan.

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Key Statistics 02388

Company Profile 02388

Business Description

Bank of China Hong Kong, or BOCHK, is a subsidiary of Bank of China. It is the second-largest bank in Hong Kong in terms of loan and deposit market shares. BOCHK is legally separate from Bank of China, but maintains close relationships in management, administration, and business relations. They also co-operate in several areas including products, such as the reselling of Bank of China's insurance and securities services. Bank of China holds a 66% stake in Bank of China Hong Kong.

1 Garden Road, 53rd Floor, Bank of China Tower
Hong Kong, HKG
Industry Banks - Regional
Employees 14,220

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FAQs for BOC Hong Kong Holdings Ltd Stock

Yes. 02388 has a forward dividend yield of 4.49%. See 02388’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

02388’s market cap is 261.68 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

02388’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

02388’s price/sales is 4.01.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

02388’s price/forward earnings is 6.91.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

02388’s price/book is 0.83.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See 02388’s valuation ratios compared to the Market Index.

02388’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare 02388’s historical performance against its industry peers and the overall market.