Hong Kong's BOCOM International H1 loss narrows on higher corporate finance fees
Hong Kong's BOCOM International H1 loss narrows on higher corporate finance fees
Overview
Hong Kong financial services firm's H1 revenue rose yr/yr, loss narrowed
Company posted HK$76.6 mln net loss, compared with HK$282.6 mln loss a yr earlier
Results unaudited for the six months ended June 30, 2026
Outlook
BOCOM International expects to recognise HK$54.6 mln of contracted corporate-finance and asset-management revenue within one year
Result Drivers
IPO ACTIVITY – Corporate-finance and underwriting fees rose 315.8% to HK$45.5 mln as Hong Kong IPO listings and funds raised nearly doubled
TRADING-GAIN TURNAROUND – Proprietary trading income swung to HK$28.8 mln from a HK$42.3 mln loss, mainly due to net gains on financial assets at FVTPL
LOWER FUNDING COSTS – Finance costs fell 14.6% to HK$192.6 mln, with lower interest expense on bank borrowings and repurchase agreements
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| HK$305.3 mln |
|
H1 Net Loss Attributable |
| HK$76.60 mln |
|
Reuters Recommended Reads
Aug 25 - Hong Kong's Astrum Financial interim revenue rises on securities and IPO financing
Aug 25 - China's Central China Securities H1 net income rises
Aug 26 - Singapore's UP Fintech Q2 revenue beats on margin financing strength
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Hong Kong's BOCOM International H1 loss narrows on higher corporate finance fees