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<Research>CLSA: CM BANK (03968.HK) Posts Good FY2024 Results Quality; TP Hiked to $48.9
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CLSA published a research report, covering CM BANK (03968.HK), which marked good quality in FY2024 results and maintained a leading position in the industry. As a result, CLSA raised its H-share target price from HKD43.8 to HKD48.9, maintaining an Outperform rating. Also, CLSA adjusted its revenue forecasts for CMB, increasing FY2025 by 0.2% and FY2026 by 1.1%, while tweaking its net profit forecasts, raising FY2025 by 0.2% and lowering FY2026 by 1.1%. Given the gradual improvement in China’s economic momentum, CLSA believed the worst may be over. AAStocks Financial News |
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