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<Research>G Sachs Tweaks Down CM BANK's TP to HKD53.53, Envisions 2026 Earnings Growth to Outpace 4 Biggest CN Banks
Recommend 13 Positive 11 Negative 4 |
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The CM BANK (03968.HK) management said at the 2025 earnings conference call that they expect the bank's revenue growth to stabilize and show an upward trend in 2026, given the continuous narrowing of the NIM contraction (expected to stabilize in 2H26) and the ongoing improvement in fee income growth, according to a report from Goldman Sachs. Goldman Sachs reiterated its view that CM BANK's earnings growth will outpace that of the four biggest Chinese state-owned banks in 2026. CM BANK's rating remains Buy, but its target price inched down to HKD53.53. This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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