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<Research>BofAS Adds CCB (00939.HK) TP to $7.08 as It Remains Defensive Core Holding
Recommend 53 Positive 82 Negative 37 |
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CCB (00939.HK)'s 1H24 net profit fell 1.8% YoY, while its core earnings sagged 4% YoY, both of which were in line with BofA Securities' estimations, BofA Securities released a research report saying. Considering CCB's strong balance sheet and attractive dividend yield, as well as revenue pressure partially relieved by cost control, the stock remained a defensive core holding. BofA Securities raised its FY2024-FY2026 earnings forecasts for CCB by up to 4%, and added its target price for CCB's H-shares to $7.08 from $7, with rating reiterated at Buy. AAStocks Financial News |
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