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<Research> UBS: MINSHENG BANK (01988.HK) 1Q26 Net Profit Dragged by Surge in Provisions, Rating Buy
UBS issued a research report stating that MINSHENG BANK (01988.HK) recorded a significant YoY decline of 9.6% in net profit after tax for 1Q26, the weakest among its peers. However...
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<Research> UBS: MINSHENG BANK (01988.HK) 1Q26 Net Profit Dragged by Surge in Provisions, Rating Buy
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UBS issued a research report stating that MINSHENG BANK (01988.HK)  0.000 (0.000%)    Short selling $20.26M; Ratio 21.483%   recorded a significant YoY decline of 9.6% in net profit after tax for 1Q26, the weakest among its peers. However, revenue and pre-provision operating profit growth in 1Q26 were broadly in line with expectations. The earnings miss was mainly due to a notable rebound in provision expenses during the quarter.

The bank has postponed its forecast for MINSHENG BANK to return to positive full-year net profit after tax growth to 2027. It maintained a Buy rating with an H-share TP of HKD4.6. (hc/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)

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