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00939 CCB
RTNominal down5.690 -0.070 (-1.215%)

22/05/2020 10:55

{I-bank focus}Nomura cuts CCB (00939) to HK$7.47

[ET Net News Agency, 22 May 2020] Nomura cut its target price for China Construction
Bank (CCB)(00939) to HK$7.47 from HK$7.96 and maintained its "buy" rating.
The research house expects CCB to deliver stable operations amid economic uncertainties
led by the COVID-19 pandemic, with relatively steady earnings growth at 4.6% for 2020,
versus 4.7% for 2019.
Nomura thinks the steady earnings growth would be mainly driven by accelerated volume
expansion given monetary policy stimulus, despite continued NIM and asset quality
pressures. (KL)

Remark: Real time quote last updated: 07/08/2020 17:58
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