Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Adds BANK OF CHINA (03988.HK) TP to $5.35 as Mgmt Expects Significant Slowdown in NIM Contraction This Yr
Recommend 11 Positive 13 Negative 5 |
||||
|
||||
|
BANK OF CHINA (03988.HK)'s 4Q25 results beat expectations, with pre-provision operating profit (PPOP)/ net profit after tax (NPAT) increasing by 8%/ 5% YoY each, 8%/ 3% ahead of Goldman Sachs' forecasts, Goldman Sachs released a research report saying. During the earnings conference, management said that, benefiting from stabilized asset yields and lower funding costs due to deposit repricing, the net interest margin (NIM) contraction is expected to significantly slow down in 2026, with net interest income likely to achieve positive growth. By adjusting the asset-liability structure, the impact of the US Fed's rate cuts is estimated to be neutral, not adversely affecting the NIM. Therefore, the broker added its target prices for BANK OF CHINA's H-/ A-shares from $4.95/ RMB6.54 to $5.35/ RMB6.69, with both ratings kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
