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<Research>M Stanley Believes ICBC (01398.HK) Shr Price to Rise in Next 60 Days
Recommend 19 Positive 20 Negative 12 |
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Morgan Stanley published a research report believing that the stock price of ICBC (01398.HK) will show absolute growth in the next 60 days. Morgan Stanley expected banks' share prices to be supported by seasonal capital inflows, with more upside by the end of this year. Moderate but steady credit demand should stabilize financial asset yields and bank net interest margins, and support revenue and profit growth in the coming quarters. ICBC is projected to achieve another quarter of positive profit growth in 3Q25 and attractive return opportunity with its 6.1% dividend yield. The broker anticipated the probability for the scenario to be about 70-80% (i.e., 'very likely'), with rating at Overweight and a target price of $7.6. AASTOCKS Financial News Website: www.aastocks.com |
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