Citigroup has issued a research report updating its forecast model for BOC Hong Kong (02388) based on its second-half performance last year. The bank increased its earnings per share projections for BOC Hong Kong for 2026 to 2028 by 8%, 3%, and 5%, respectively, primarily due to lower impairment expenses and higher net interest income. The target price has been raised from HK$47.6 to HK$49.7, while the "Buy" rating is maintained.