Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Rates CCB (00939.HK) at Buy on Attractive Valuation
Recommend 22 Positive 21 Negative 10 |
||||
|
||||
|
CCB (00939.HK) recorded a 13% YoY increase in pre-provision operating profit (PPOP) in 1Q26, accelerating from 5% in 4Q25, driven by a rebound in net interest margin (NIM), strong trading gains, decent fee income and improvement in the cost-to-income ratio (CIR), Citi Research issued a research report saying. Citi Research believed that CCB's 1Q26 PPOP will beat its expectation, while earnings growth was in line with forecast, ranking second and third respectively among large banks. The broker was encouraged by the significant rebound in CCB's NIM, and believed that its valuation is attractive. Therefore, Citi Research rated CCB's H-shares at Buy, with a target price of $9.88. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
