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M Stanley Believes CITIC BANK (00998.HK) Shr Price to Rise in Next 60 Days
Recommend 9 Positive 8 Negative 11 |
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Morgan Stanley released a research report believing that CITIC BANK (00998.HK)'s share price will rise in absolute terms within the next 60 days. Morgan Stanley expected banks to be supported by seasonal capital inflows, and saw more upside potential before the end of the year. Moderate but stable credit demand should stabilize financial asset yields and bank net interest margins, and support income and profit growth in the coming quarters. The broker estimated the probability for the scenario to be about 70-80%, with rating at Overweight and a target price of $9.2. AASTOCKS Financial News Website: www.aastocks.com |
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