Ge Long Hui·2025-10-30 06:41Core Viewpoint - Morgan Stanley has raised its profit forecasts for Bank of China Hong Kong for 2025 to 2027 by 3%, 2%, and 2% respectively, driven by HIBOR [1] Group 1: Profit Forecast Adjustments - All three years' net interest income forecasts have been increased due to HIBOR [1] - The wealth and market-related fees are expected to remain strong, leading to an increase in fee income forecasts [1] Group 2: Cost and Valuation Adjustments - Cost forecasts for all three years have been lowered due to improved cost discipline [1] - Reflecting the profit forecast adjustments, Morgan Stanley has increased the bear, baseline, and bull market scenario valuations for Bank of China Hong Kong by 3%, 3%, and 1% respectively [1] - The target price has been raised from HKD 33.4 to HKD 35.7, with a rating of "Underweight" [1]