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<Research>M Stanley Projects CCB (00939.HK) Shrs Will Rise in Next 60 Days
Recommend 39 Positive 51 Negative 20 |
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Morgan Stanley published a research report, projecting that the stock price of CCB (00939.HK) will rise in absolute terms over the next 60 days. Morgan Stanley anticipated that stock prices of banks will be bolstered by seasonal capital inflows and foresaw more upside potential by the end of this year. Moderate but stable credit demand should stabilize financial asset yields and banks' NIMs, supporting income and profit growth in the coming quarters. The 3Q25 may be another quarter of positive profit growth for CCB, as fee income continued to rebound and the narrowing of NIM reduced. Morgan Stanley spotted attractive return opportunities for CCB, with a dividend yield of 5.8%. Morgan Stanley estimated the about 70-80% probability (i.e., "highly likely") of this scenario. The rating on CCB was Overweight with a target price of HKD9.5. AASTOCKS Financial News Website: www.aastocks.com |
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