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Brokers' Latest Ratings, TPs & Views on CM BANK
Recommend 9 Positive 11 Negative 2 |
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Broker|Rating|TP (HKD)|Summary of Key Views CLSA|Outperform|---|1Q26 results were mixed (wealth management and NIM beat expectations, while retail credit demand and payment business were weak). HSBC Research|Buy|63.70|1Q26 pre-provision profit growth accelerated, but retail loan growth and asset quality remained under pressure. More time is needed to translate retail advantages into earnings performance. JPMorgan|Overweight|62.00|Recovery in net interest income and strong wealth management failed to translate into earnings growth. Coupled with pressure on retail asset quality, the stock is expected to underperform peers in the near term. BofA Securities|Underperform|49.80|1Q26 results were largely in line with expectations, with improved pre-provision profit growth but rising credit costs. Maintains a cautious view given that the bank's premium valuation is not matched by growth. Morgan Stanley|Overweight|63.40|Revenue and earnings growth were stable, but fee income was dragged by the bank card business, while retail loan asset quality (especially credit cards) faced pressure. Citi|Buy|59.06|1Q26 earnings were disappointing due to weak retail loan demand, NIM pressure, and softer trading gains. Market reaction is expected to be negative. UBS|Neutral|56.00|Revenue and pre-provision operating profit recorded solid growth, but retail asset quality (especially credit cards and consumer loans) deteriorated mildly, with rising credit costs. Market reaction is expected to be neutral. Goldman Sachs|Buy|52.86|1Q26 pre-provision profit and net profit were below the broker's expectations, mainly due to slower fee income growth, lower investment income, and continued NIM compression. Auto-translated by AI AASTOCKS Financial News |
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