Bank of East Asia (BKEAY) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Bank of East Asia (OTCMKTS:BKEAY) from a hold rating to a buy rating in a report issued on Friday morning.

Separately, Zacks Investment Research cut shares of Bank of East Asia from a buy rating to a hold rating in a report on Tuesday, November 28th.

Bank of East Asia (BKEAY) remained flat at $$4.36 during trading hours on Friday. 9 shares of the stock traded hands, compared to its average volume of 2,130. Bank of East Asia has a 12-month low of $3.87 and a 12-month high of $4.61. The firm has a market capitalization of $11,890.00, a P/E ratio of 19.82, a PEG ratio of 1.02 and a beta of 1.19.

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About Bank of East Asia

The Bank of East Asia, Limited provides banking and related financial services, and business, corporate and investor services. The Company’s segments include Personal banking, which includes branch operations, personal Internet banking, property loans and credit card business; Corporate banking, which includes corporate lending and loan syndication, asset based lending and securities lending; Treasury markets, which include treasury operations and securities dealing; Wealth management, which includes private banking business and related assets; Financial institutions, which includes trade financing activities with correspondent banks; Other Hong Kong banking operations, includes insurance business, trust business, securities and futures broking, and corporate financial advisory; China operations, which include the back office unit for China operations in Hong Kong; Overseas operations, which includes the back office unit for overseas banking operations, and Corporate services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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