BHKLY BOC Hong Kong Holdings Limited (PK)

0431 GMT [Dow Jones] Hong Kong's Hang Seng Index is down 0.3% at 22,845 at the midday break, weighed by financial services shares. Blue-chip HSBC (0005.HK) is down 0.5% at HK$84.70. Still, Barclays bank keeps a Neutral sector rating on banking sector in Hong Kong. It expects abundant liquidity conditions exacerbated by loose monetary conditions and weaker loan demand will result in modest 5.0% underlying earning growth in the banking sector for the fiscal year 2013. It notes BOC Hong Kong (2388.HK) is its top pick among local peers as it is most geared to any potential offshore yuan developments and is best capitalized. (chester.yung@wsj.com)

 
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com 
 
 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires