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<Research>BOCI Cuts CCB (00939.HK) TP to $8.2 as Interim NP in Line
Recommend 39 Positive 56 Negative 25 |
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CCB (00939.HK)'s 1H24 net profit fell 1.8% YoY, narrowing from a 2.2% drop in 1Q24, in line with BOCI's expectation, BOCI released a research report saying. CCB's asset quality remained solid in 1H24. CCB's NPL ratio dropped from 1.36% at the end of 1Q24 to 1.35% at the end of 2Q24, while its current valuation is cheap. BOCI cut its target price for CCB's H-shares to $8.2, with rating at Buy. AAStocks Financial News |
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