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<Research>CICC Lifts 2025-26 Earnings Forecasts for BANK OF CHINA w/ TP Raised to $5.3
Recommend 9 Positive 22 Negative 10 |
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BANK OF CHINA (03988.HK) logged a 2.6% YoY increase in net profit and a 1.4% decrease in pre-provision operating profit last year, while its revenue rose by 1.2% YoY, according to a report from CICC. The bank's revenue aligned with expectations, but its earnings were better than expected. Considering that higher provisions should reduce credit costs, CICC hiked its 2025-26 earnings forecasts for BANK OF CHINA by 3%/ 4.3% to RMB241.4 billion/ RMB247.2 billion. The broker also lifted its target price for BANK OF CHINA's H-shares by 10.9% to $5.3 and maintained the Outperform rating. AAStocks Financial News |
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