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<Hindsight>Brokers' Latest TPs, Views on CCB Post-Results
Recommend 35 Positive 53 Negative 19 |
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CCB (00939.HK) has announced its 2024 results and plans to issue 11.33 billion A-shares to the Ministry of Finance to raise no more than RMB105 billion to replenish core T1 capital. CCB's H-shares rallied this morning and once hit an intraday high of $7 with a surge of 4.5%. It last traded at $6.94, up 3.7%, on a turnover of $3.01 billion. Listed below are the ratings and target prices from five brokers on CCB as summarized by our reporters: Broker│Investment Rating│Target Price (HKD) HSBC Global Research│Buy│8.8->8.9 Goldman Sachs│Buy│7.91 JPMorgan│Overweight│7.55 UBS│Buy│7.4 Citi│Buy│7.28 Broker│View HSBC Global Research│2024 EPS growth slightly missed, but NIM narrowed significantly with good risk management Goldman Sachs│Last quarter's net interest income growth beat, and reduced bad debt provisions supported earnings growth JPMorgan│Last quarter's results basically in line, with asset quality remaining solid UBS│Last quarter's results largely in line, mortgage loans declined, and retail loan growth slowed Citi│Last quarter's net interest income drove steady results growth, and capital strength outshone peers' AAStocks Financial News |
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