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<Research>BofAS Upgrades BANKCOMM to Neutral, Raises TP to HKD6.55
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BANKCOMM (03328.HK) delivered solid results for the previous quarter, with the highest yield of 4.6% among state-owned banks, according to a report from BofA Securities.

The bank's 1-3Q25 net profit grew by 1.9% YoY to RMB70 billion, accelerating from a 1.6% increase in 1H25. Its core earnings also grew by 0.9% YoY, reversing a 1% decline in 1H25.

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BofA Securities raised the 2025-27 earnings forecasts for BANKCOMM by 1-4% and its target price from HKD6.3 to HKD6.55. BANKCOMM's rating was also ungraded from Underperform to Neutral.
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