Here is how Banco De Chile (BCH) and The Bank of East Asia Ltd. (BKEAY) have performed compared to their sector so far this year.
BKEAY vs. CM: Which Stock Is the Better Value Option?
(Reuters) -Hong Kong's Bank of East Asia Ltd said on Friday it intends to buy back 8.43% of its total issued shares worth HK$2.904 billion ($372.65 million) owned by hedge fund Elliott Investment Management's affiliated entities. The share buyback https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0128/2022012800929.pdf, which will be settled using the bank's internal resources, will take place in an off-market transaction at a maximum of HK$11.78 per share, a 7.2% discount to its last close on Friday. The share buyback would result in a 6% hike in the consolidated net asset value per share attributable to its shareholders, the Hong Kong-based lender said in a statement.