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<Research>HSBC Research Drops CM BANK (03968.HK) TP to $53, Rating Buy
Recommend 6 Positive 10 Negative 9 |
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CM BANK (03968.HK) reported lower-than-expected EPS for 1Q25, partly due to lower trading gains, weak fee income and narrower net interest margin, according to a research report issued by HSBC Global Research. The Company's asset quality seems to be under pressure on corporate maturities and higher proportion of SME loans, the broker added. HSBC Global Research lowered its 2025-2027 EPS forecasts for the Company by 2.4%/ 4.1%/ 4.2% each, and dropped its target price on the H-shares of CM BANK from $56.2 to $53, with rating at Buy. AAStocks Financial News |
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