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 M Stanley Lists Comparative Data of Chinese Bank Stocks' Last Year and Last Quarter Results (Table)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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