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<Research>BofAS Cuts ICBC (01398.HK) TP to $5.15 as Interim Results Mix
Recommend 20 Positive 16 Negative 25 |
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ICBC (01398.HK)'s interim results mixed, BofA Securities released a research report saying. Of which, 1H24 net profit fell 1.9% YoY, 0.7% ahead of BofA Securities' forecast. BofA Securities lowered its 2024-2026 earnings forecasts for the Company by 0-5%, and cut its target price for ICBC's H-shares by about 1% to $5.15, from $5.22, with rating kept at Buy on the back of its strong balance sheet and attractive dividend. AAStocks Financial News |
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