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<Research>BOCI Raises ICBC's TP to HKD8.34; Rating Kept Buy
Recommend
8
Positive
12
Negative
2
ICBC (01398.HK) logged 3.3% YoY growth in attributable net profit in 3Q25, up from 1.4% in 2Q25, according to a report from BOCI. Its NIM reached 1.27% in 1-3Q25 and 1.3% in 1H25, a decline of 15 and 12 bps respectively from the end of 2024.

BOCI raised its target price of ICBC from HKD7.15 to HKD8.34 and maintained the Buy rating unchanged.

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