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Bank of East Asia Ltd (0023.HK)

0023.HK on Hong Kong Stock

31.70HKD
24 Aug 2016
Change (% chg)

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HK$31.70
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3,122,724
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HK$34.35
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HK$20.95

0023.HK

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About

The Bank of East Asia, Limited provides banking and related financial services, and business, corporate and investor services. The Company's segments include Personal banking, which includes branch operations, personal Internet banking, property loans and credit card business; Corporate banking, which includes corporate lending... (more)

Overall

Beta: 1.10
Market Cap(Mil.): HK$85,324.29
Shares Outstanding(Mil.): 2,683.15
Dividend: 0.28
Yield (%): 2.45

Financials

  0023.HK Industry Sector
P/E (TTM): 24.13 15.60 19.31
EPS (TTM): 1.32 -- --
ROI: -- 0.00 0.42
ROE: 4.30 17.57 16.76

Hong Kong's Bank of East Asia posts 37 pct drop in H1 profit on loan losses

HONG KONG, Aug 19 Hong Kong-based Bank of East Asia Ltd (BEA), which has been sued by activist investor Elliott Management Corp over a share placement, reported a drop of 37 percent in its half-yearly net profit, hit by a surge in loan impairment losses.

Aug 19 2016

Elliott sues Bank of East Asia over share sales, escalating dispute

HONG KONG Activist investor Elliott Management Corp has begun new legal proceedings against Bank of East Asia (BEA) over a share placement, escalating a long-running dispute between the New York-based hedge fund and the tycoon-owned Hong Kong bank.

Jul 18 2016

UPDATE 1-Elliott sues Bank of East Asia over share sales, escalating dispute

* Elliott seeking court order over strategic share placements

Jul 18 2016

Elliott says commences legal proceedings against Bank of East Asia

HONG KONG, July 18 Activist investor Elliott said on Monday it has commenced legal proceedings against Bank of East Asia (BEA), the majority of the bank's directors, and its CEO and chairman in the Hong Kong courts over "unfair prejudice".

Jul 18 2016

Bank of East Asia to cut 3.8 pct of Hong Kong jobs

HONG KONG, June 2 Hong Kong lender Bank of East Asia Ltd said on Thursday it is cutting 180 jobs in the city, accounting for about 3.8 percent of its Hong Kong workforce, to improve overall operating efficiency.

Jun 01 2016

HK tycoon David Li resists activist investor Elliott's attack on BEA

HONG KONG Bank of East Asia (BEA) shareholders approved all resolutions put at its annual meeting on Friday, rejecting calls by U.S. activist investor Elliott Management Corp to defy the board, although one resolution was not put to the vote, but withdrawn instead.

Apr 08 2016

UPDATE 1-HK tycoon David Li resists activist investor Elliott's attack on BEA

* Activist hedge fund Elliott opposed some resolutions (Adds further background, Elliott comments)

Apr 08 2016

Bank of East Asia shareholders back board against activist investor Elliott

HONG KONG, April 8 Bank of East Asia (BEA) shareholders passed all the resolutions proposed at its annual meeting on Friday, despite opposition from U.S. activist investor Elliott Management Corp, although one resolution had been withdrawn.

Apr 08 2016

HK tycoon Li set to rebuff activist Elliott over family bank

HONG KONG, April 7 Hong Kong's clubby, tycoon culture clashes with Wall Street on Friday, when activist investor Elliott Management Corp, frustrated by poor returns at family-run Bank of East Asia (BEA), tries to persuade shareholders to defy the board.

Apr 07 2016

UPDATE 1-Adviser Glass Lewis supports some Elliott proposals on Hong Kong's BEA vote

HONG KONG, March 24 Proxy advisory firm Glass Lewis has recommended investors in Bank of East Asia Ltd (BEA) reject many of the same proposals opposed by activist investor Elliott Management Corp in a dispute with management of the family-run Hong Kong lender.

Mar 24 2016

Earnings vs. Estimates

Analyst Research Reports

Report Title Price
Provider : Thomson Reuters Stock Report
$25.00
Provider : Sadif Analytics Prime
$25.00
Provider : Reuters Investment Profile
$20.00
Provider : Pechala's Reports
$25.00
Provider : Pechala's Reports
$25.00

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