To The Moon

🌟🌟🌟Bank of China $BANK OF CHINA(03988)$  $Bank of CN HK SDR 1to1(HBND.SI)$ is scheduled to report its full year 2024 earnings , including its Q4 24 results on March 26 2025.  Bank of China (BOC) share price is currently up 17% year to-date and in 2024, it has jumped by 40%.  

BOC is a state owned Chinese bank and one of the big 4 banks in China.  It is the oldest bank established since 1912 and has evolved as a central bank , international exchange bank specialising in foreign trade business. BOC has the most extensive global reach among the Chinese Banks with operations in 64 countries and regions.

For Q3 24, BOC's operating income increased by 6.58% to RMB 161,176 billion.  Profit for the quarter was RMB 60,953 billion, up 3.64%.  Profit attributable to equity holders of BOC was RMB 57,162, an increase of 4.38%.  Basic and diluted earnings per share was RMB 0.19, up 4.38%.

BOC Common Equity Tier 1 ratio was 12.23%.

BOC had an impressive year in 2024 despite a challenging environment characterised by sluggish economic growth , low consumption and a downturn in property prices .

I first started investing in BOC's SDR in Singapore $Bank of CN HK SDR 1to1(HBND.SI)$ when it was launched on October 30 last year .  Since then BOC has rewarded me with capital growth as well as great dividends .  The current dividend yield is 4.4% paid annually.

The Chinese authorities has announced a Special Action Plan to Boost Consumption last Sunday .  The plan was to vigorously boost consumption, expand domestic demand and enhance consumption capacity by increasing income and reducing burdens.

The wide ranging releases also outlined other steps such as taking multiple measures to stabilise the stock market and developing more bond products suitable for individual investors.  All these measures should boost BOC's revenue .

I believe that Bank of China still has more exponential growth ahead and is a great buy.  Tiger Brokers also has a current commission free promotion for all Hong Kong SDRs as well as Thai SDRs till 31 March.

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