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<Research>BOCI Cuts CCB's TP to $8.92; Rating Kept Buy
CCB (00939.HK) saw a decline in its 1Q25 earnings, according to a BOCI report.The bank's net profit dipped by 4% YoY, compared to a YoY growth of 0.9% in the entire year of 202...
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<Research>BOCI Cuts CCB's TP to $8.92; Rating Kept Buy
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CCB (00939.HK)  +0.080 (+1.221%)    Short selling $98.14M; Ratio 8.746%   saw a decline in its 1Q25 earnings, according to a BOCI report.

The bank's net profit dipped by 4% YoY, compared to a YoY growth of 0.9% in the entire year of 2024. Because of its narrowed net interest margin, its net interest income fell by 5.2% YoY in 1Q25. Its asset quality also improved during the quarter.

Related NewsCiti: Recently Announced Incremental Policies Not as Historic as Last Sep, But Still Positive to CN Banks/ Brokers
BOCI cut its target price for CCB to $8.92 and kept the Buy rating unchanged.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-08 12:25.)

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