Hong Kong's Bank of East Asia falls most in nearly 5 weeks on weak H1 results

The Bank of East Asia

18/08/2022 07:05

** Shares of Bank of East Asia Ltd  0023.HK  fall as much as
2.9% to HK$10.06, their biggest daily pct decline since July 15
    ** Stock set for the second session of decline
    ** The bank, backed by Sumitomo Mitsui Financial Group Inc
 8316.T , says its H1 net interest income fell to HK$5.8 bln
($739.43 mln) from HK$5.5 bln in a year ago period with net
profit declining to HK$1.5 bln from HK$2.7 bln in H1
2021 urn:newsml:reuters.com:*:nFWN2ZT5DX
    ** The bank says to pay an interim dividend of HK$0.16 per
share to shareholders, compared to HK$0.35 each a year ago
    ** The Hang Seng Composite Index tracking financials stocks
 .HSCIF  falls 1.5% and the Hang Seng Finance Index  .HSNF 
drops 1.6%
    ** The Hang Seng Composite Index  .HSCI  and the benchmark
Hang Seng Index  .HSI  each slips 0.5%
    ** As of last close, the stock had fallen 7.5% this year


($1 = 7.8439 Hong Kong dollars)

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