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<Research>G Sachs Lifts TPs for ICBC/ CCB/ BANKCOMM; 4Q25 Results in Line
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According to report released by Goldman Sachs yesterday, the four major Chinese state-owned banks, namely ICBC (01398.HK), CCB (00939.HK), BANKCOMM (03328.HK), and PSBC (01658.HK), have already announced their 4Q25 results, which met the broker's expectations, with both the average revenue and earnings growing by 2% YoY.

Goldman Sachs has lifted its target prices for ICBC by 8% to HKD6.27, with a Neutral rating, for CCB by 9% to HKD9.01, with a Buy rating, and for BANKCOMM by 6% to HKD6.11, with a Sell rating.

Related News UBS Expects ICBC (01398.HK) to Maintain Stable Performance Last Year with TP at HKD7.79

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