汇盈证券：东亚银行 Bank of East Asia 研究

02.09 6页 英文版

FY06 earnings ahead of expectation. BEA reported a 5% net profit growth to
HK$3.49bn, 8.7% higher than our forecast of HK$3.21bn. The market consensus
was HK$3.22bn. The better-than-expected results can be attributable to: 1) Fast
asset growth of 23.2% YoY (10% HoH); 2) Good investment performance as net
trading profits rose 45% YOY to HK$834m; and 3) Additional gains from
revaluation of property premises in 2H06 amounted to HK$138m.