Morningstar - Bank of East Asia Ltd. (00023) Co-Deputy Chiefs Split the Iron Throne at Bank of East Asia

Report

Morningstar

Michael Wu

EUR 100.00 For Business Accounts Only

Co-Deputy Chiefs Split the Iron Throne at Bank of East Asia

As expected, Bank of East Asia's Co-Deputy Chief Executives Adrian Li and Brian Li will take over as joint CEOs as Sir David Li relinquishes the CEO position. Sir David Li will remain the Chairman to the Board. With both Adrian and Brian running the operation of the bank for a period of time, we do not expect any changes to the overall strategy. Adrian is responsible for the Hong Kong business while Brian managed the bankâ€™s China and international operations. Our fair value of HKD 26 is unchange...

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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Co-Deputy Chiefs Split the Iron Throne at Bank of East 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

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

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

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