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<Research>CICC Likes BANK OF CHINA (03988.HK) on Continued Benefits from Leading Advantage in Global Footprint, Keeps Outperform Rating
BANK OF CHINA (03988.HK) is the most globalized and integrated bank in China, CICC issued a research report saying. The broker believed that BANK OF CHINA's global business can...
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<Research>CICC Likes BANK OF CHINA (03988.HK) on Continued Benefits from Leading Advantage in Global Footprint, Keeps Outperform Rating
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BANK OF CHINA (03988.HK)  -0.010 (-0.192%)    Short selling $271.76M; Ratio 32.198%   is the most globalized and integrated bank in China, CICC issued a research report saying. The broker believed that BANK OF CHINA's global business can continue to maintain a high market share, and its high-growth global operations may drive the Company to deliver better-than-peers results.

CICC was optimistic that BANK OF CHINA will continue to benefit from its leading advantage in global footprint, coupled with resilient overseas interest rates. As a result, the broker raised its 2026/ 2027 net profit forecasts for the Company by 1.5%/ 2.6% to RMB250.8 billion/ RMB258.5 billion, respectively.

Related NewsJefferies: Mainland Banks to See Steady Improvement This Year, Favors BANK OF CHINA (03988.HK) and BANK OF NINGBO (002142.SZ)
The broker kept ratings at Outperform, and raised its target prices for BANK OF CHINA's A-/ H-shares by 11.7%/ 18.1% to RMB7.25/ $6.39, implying PB ratios of 0.8x/ 0.6x for both 2026 and 2027, and representing 25.1% upside from the current share price.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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