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<Research>BofAS Continues to Name CICC as Industry Top Pick on Sustained Growth Momentum in 1Q25; TP Raised to $17.3
According to a report from BofA Securities, CICC (03908.HK)'s 2024 net profit dropped by 8% YoY to about RMB5.7 billion, but it still beat the broker's and the market's...
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<Research>BofAS Continues to Name CICC as Industry Top Pick on Sustained Growth Momentum in 1Q25; TP Raised to $17.3
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According to a report from BofA Securities, CICC (03908.HK)  +0.560 (+3.977%)    Short selling $13.42M; Ratio 6.567%   's 2024 net profit dropped by 8% YoY to about RMB5.7 billion, but it still beat the broker's and the market's general expectations as its 4Q24 net profit exceeded forecasts with a sharp growth of 81% YoY.

Considering the continuing growth momentum in 1Q25, BofA Securities lifted its target price for CICC's H-shares to $17.3 from $16.5, while keeping the Buy rating unchanged and naming its H-shares as the top choice for broker stocks.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-09 16:25.)

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