Bank Of East Asia traded at 16.67 this Tuesday August 4th, decreasing 0.54 or 3.14 percent since the previous trading session. Looking back, over the last four weeks, Bank Of East Asia lost 31.67 percent. Over the last 12 months, its price rose by 34.33 percent. Looking ahead, we forecast Bank Of East Asia to be priced at 16.15 by the end of this quarter and at 14.65 in one year, according to Trading Economics global macro models projections and analysts expectations.
The Bank of East Asia, Limited is a company mainly engaged in the banking business. Along with subsidiaries, it operates its business through nine segments: the China Operations segment, the Personal Banking segment, the Corporate Banking segment, the Overseas Operations segment, the Wealth Management segment, the Treasury Markets segment, the Financial Institutions segment, the Other Hong Kong Banking Operations segment, the Corporate Services segment, and the Other Businesses segment. The China Operations segment is involved in the operation of the back office unit for China operations in Hong Kong, all branches, subsidiaries and associates operated in China. The Personal Banking segment is involved in branch operations, personal internet banking, consumer finance, property loans and credit card business in Hong Kong. The Corporate Banking segment is engaged in corporate lending and loan syndication, asset based lending, commercial lending and securities lending in Hong Kong.