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<Research>G Sachs Rates CM BANK as Buy; Last Yr's Results in Line
Recommend 4 Positive 12 Negative 1 |
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CM BANK (03968.HK) has announced its preliminary results for 2025, with the annual revenue and net profit reaching RMB338 billion and RMB150 billion, respectively, according to a Goldman Sachs research report. Based on this, Goldman Sachs estimates that CM BANK's revenue for 4Q25 will have grown by 2% YoY to RMB86 billion, 1% lower than the broker's forecast, while the net profit will have risen by 3% YoY to RMB36 billion, also 1% lower than the broker's expectations. Goldman Sachs has kept a Buy rating on CM BANK, with a target price of HKD52.96. AAStocks Financial News |
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