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<Research> BofAS Raises CICC (03908.HK) TP to HKD27, Upbeat on International Business Growth
BofAS said in a research report that CICC (03908.HK) recorded net profit of RMB3.6 billion in the first quarter, up 75% YoY and 11% QoQ, in line with its positive profit alert guid...
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<Research> BofAS Raises CICC (03908.HK) TP to HKD27, Upbeat on International Business Growth
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BofAS said in a research report that CICC (03908.HK)  -0.880 (-4.314%)    Short selling $26.58M; Ratio 11.923%   recorded net profit of RMB3.6 billion in the first quarter, up 75% YoY and 11% QoQ, in line with its positive profit alert guidance, with growth outpacing peers. During the period, its Hong Kong underwriting and trading businesses became the key growth drivers. Overseas underwriting commission surged by more than 600% YoY, while trading income of various subsidiaries rose 20% YoY, mainly supported by cross-border equity derivatives and overseas FICC products.

The broker is optimistic about CICCs industry-leading growth in international business and expects Hong Kong IPO and cross-border trading sentiment to remain at high levels in the second quarter. It raised its 2026 EPS forecast by 2% and lifted the H-share TP from HKD26.9 to HKD27, maintaining a Buy rating and naming it as a top pick. For CICC (601995.SH)  -0.550 (-1.614%)   A-shares, it maintained a Neutral rating with a TP of RMB41.3. (ss/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-27 16:25.) (A Shares quote is delayed for at least 15 mins.)

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