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<Research>JPM Adds CCB (00939.HK) TP to $7.9, Raises Earnings Forecasts
Recommend 27 Positive 38 Negative 12 |
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JPMorgan released a research report raising its 2025-2027 earnings forecasts for CCB (00939.HK) by 1.2%/ 1.4%/ 1.8%, and adding its target price from $7.55 to $7.9, with rating kept at Overweight, reflecting its solid fundamentals and attractive valuation. CCB has a robust balance sheet, stable funding sources and stable asset quality, with improved provision levels, JPMorgan added. Moreover, CCB's shadow banking risk is relatively low, hence its regulatory risk will also be lower. AAStocks Financial News |
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