Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS: CCB (00939.HK) 1Q Results Miss; Negative Mkt Reaction Expected
Recommend 17 Positive 20 Negative 15 |
||||
|
||||
|
UBS released a research report saying that CCB (00939.HK) posted weaker-than-expected 1Q25 results, with revenue and profit after tax falling more sharply than those of the big four Chinese banks, and expecting a negative market reaction to the results. CCB's 1Q25 net profit amounted to RMB83.4 billion, down 4% YoY, below the broker's expectation, worse than the big four Chinese banks (except ICBC), according to the report. Revenue also dropped 4.8% YoY, also missing UBS' forecast. Therefore, UBS rated CCB's H-shares at Buy, with a target price of $7.4. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
