UBS Research said CM BANK (03968.HK) +0.240 (+0.510%) Short selling $96.37M; Ratio 44.111% reported 1Q26 net profit growth of 1.5% YoY, slightly below the brokers expectations, while revenue and pre-provision operating profit (PPOP) were largely in line with its forecasts.During the period, revenue rose 4% YoY, mainly driven by a 5% YoY increase in net interest income and a 4.9% YoY rise in net fee income. Other non-interest income fell 2.9% YoY, reflecting lower bond yields supporting higher mark-to-market (MTM) gains, partly offset by a decline in investment income, in line with overall industry trends.Related News HSBC Research: CM BANK (03968.HK) Needs More Time to Turn Retail Strength into Earnings Edge; Long-term Potential FavoredIn terms of NIM, it narrowed by 3 bps QoQ and by 8 bps YoY to 1.83% in 1Q26. The QoQ contraction was mainly due to faster loan yield compression amid repricing. The broker currently assigns a Neutral rating with a TP of HKD56. (ss/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 12:25.)
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