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<Research>BOCI Lifts CM BANK (03968.HK) TP to $56.85, Keeps Rating at Buy
Recommend 6 Positive 10 Negative 1 |
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CM BANK (03968.HK)'s 3Q25 attributable net profit grew by 1% YoY, a slowdown from the 2.7% growth in 2Q25, according to BOCI's research report. CM BANK's asset quality remained excellent in 3Q25, in the broker's view, and the net interest margin tended to stabilize. BOCI expected CM BANK's ROAE to reach 13.2% in 2025, the highest among its peers. Therefore, the broker lifted its target price for CM BANK's H-shares from $54.42 to $56.85, equivalent to a projected 2025 PB ratio of 1.15x, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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