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<Research>UBS: CN Banks' 1Q Earnings Miss w/ Limited Visibility on Tariff Impacts
Recommend 28 Positive 48 Negative 27 |
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Chinese banks' 1Q25 earnings were weaker-than-expected, while slower earnings growth momentum reflected continued revenue pressures and less room to cut impairment losses amid rising retail NPL and the upcoming tariff impact, UBS released a research report saying. Visibility on the tariff impact remained limited. UBS expected Chinese banks to remain resilient amidst market uncertainty, with generally negative share price reaction to 1Q25 results. The broker remained bullish on banks with low valuations and high dividend yields, such as CITIC BANK (00998.HK), CCB (00939.HK) and ICBC (01398.HK). AAStocks Financial News |
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