CLSA published a research report stating that CM BANK (03968.HK) -2.120 (-4.232%) Short selling $893.53M; Ratio 38.864% delivered mixed results in 1Q26. Wealth management income and NIM beat expectations, but fee income and capital performance were weak. During the period, operating income rose 3.5% YoY, pre-provision operating profit increased 4.2% YoY, and net profit grew 1.5% YoY, slightly missing expectations.The broker noted that the number of CM BANKs Golden Sunflower tier or above customers increased 4.8% QoQ, higher than the 1.3% growth in overall retail customers, sending a positive signal for future fee income.Related News Citi: CM BANK (03968.HK) 1Q26 Results Disappoint; Net Profit Growth May Lag Six Major State-owned BanksIn addition, credit card fee income fell 12% YoY, weighing on overall net fee income growth. Retail credit demand remained weak, with retail loan balance contracting 1% QoQ. However, total loans grew 2.8% QoQ. The broker considers its full-year loan growth guidance of 6% to 7% achievable.(sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-29 16:25.)
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