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<Research>G Sachs Lifts CICC's TP to HKD25.1, Keeps Rating as Buy
Recommend 3 Positive 6 Negative 5 |
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According to a report from Goldman Sachs, CICC (03908.HK) logged net revenue of RMB8 billion and net profit of RMB2.2 billion in its 3Q25 results, exceeding the broker's expectations by 9% and 6%. CICC's performance across various business segments was basically in line with expectations, among which the investment banking revenue of RMB1.3 billion was particularly exceptional, greatly surpassing Goldman Sachs's expectations by 45%. Goldman Sachs kept a Buy rating on CICC and raised its target price from HKD22.9 to HKD25.1. AAStocks Financial News |
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