Bank of East Asia hits over 4-month peak on higher 2024 profit, dividend

The Bank of East Asia

20/02/2025 05:54

** Shares of Bank of East Asia Ltd  0023.HK  rise 5.8% to
HK$10.64, highest since October 8, 2024
    ** Stock on track for biggest one-day pct rise since June
2023, if current gains hold
    ** Bank of East Asia posts an 11.9% y/y rise in 2024 net
profit to HK$4.61 bln ($592.71 mln), with dividends for the year
increasing to HK$0.69 per share, from HK$0.54 a year ago
    ** The Hang Seng Mainland Banks Index  .HSMBI  adds 0.1%,
while the Hang Seng Finance Index  .HSNF  slips 0.8% and the
Hang Seng Index  .HSI  eases 0.9%
    ** Stock up 7.5% YTD
    
($1 = 7.7778 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))