Morningstar - Bank of East Asia Ltd. (00023) A Diverse Footprint Offers UOB Reach in Southeast Asia

Report

Morningstar

Michael Wu

EUR 100.00 For Business Accounts Only

A Diverse Footprint Offers UOB Reach in Southeast Asia

The Hong Kong Monetary Authority, or HKMA, awarded three virtual banking licences to a number of joint venture companies with businesses expected to launch within six to nine months. The three licence winners are Livi VB, consisting of narrow-moat-rated BOC Hong Kong, JD.com and Jardine Matheson; SC Digital Solution, a joint venture between Standard Chartered, HKT, PCCW and Ctrip; and Zhong An Virtual Finance, a partnership between ZhongAn Online and Sinolink. Another five virtual bank applicati...

23/05/2019 13 EN

Underlying

Bank of East Asia Ltd.

Bank of East Asia is engaged in the provision of banking and related financial services, and business, corporate and investor services. Co. organizes its businesses into nine business segments: Personal banking, Corporate banking, Treasury markets, Wealth management, Financial institutions, Other Hong Kong banking operations, China operations, Overseas operations, and Corporate services. Co.'s other businesses include property-related business, supporting units of Hong Kong operations, investment properties, bank premises. As of Dec 31 2014, Co. had total assets of HK$795,891,000,000.

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HK0023000190 Hong Kong Stock Exchange Hong Kong

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Michael Wu

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A Diverse Footprint Offers UOB Reach in Southeast Asia

Bank Of East Asia: 1 director

BANK OF EAST ASIA sees an upgrade to Positive due to a better fundamental star rating

Monthly LMI Update Independent Investment Research

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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