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<Research>UBS Upgrades MINSHENG BANK (01988.HK) to Buy, Optimistic on Earnings Inflection/ Valuation Re-rating
UBS released a research report upgrading MINSHENG BANK (01988.HK) from Neutral to Buy, based on its deep discount valuation, a projected 2026 PB ratio of only 0.22x (compared to CI...
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<Research>UBS Upgrades MINSHENG BANK (01988.HK) to Buy, Optimistic on Earnings Inflection/ Valuation Re-rating
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UBS released a research report upgrading MINSHENG BANK (01988.HK)  -0.010 (-0.272%)    Short selling $33.10M; Ratio 83.382%   from Neutral to Buy, based on its deep discount valuation, a projected 2026 PB ratio of only 0.22x (compared to CITIC BANK (00998.HK)  +0.050 (+0.635%)    Short selling $12.60M; Ratio 71.991%   's 0.47x), and benefit from revenue improvement and substantial balance sheet risk release, with earnings likely to reach a turning point starting in 2026.

With earnings expected to break even in 2026 and turn to positive growth from 2027, UBS saw potential for valuation re-rating to exceed recent weaknesses in return on equity.

Related News JPM Reiterates Positive View on Chinese Banks, Expects Moderate Improvement in Revenue and Profit Growth
The broker raised its 2026-2029 EPS forecasts by 5-6%, while slightly increasing the cost of equity (CoE) to 11.5% due to short-term market volatility. UBS slightly cut its target price from $5.43 to $5.3.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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