[ET Net News Agency, 18 May 2022] Nomura lowered its target price for CM Bank (03968)
to HK$72.77 from HK$75.78 and maintained its "buy" rating.
The research house said it still expects CM Bank to deliver double-digit earnings growth
in FY22F (13% y-y), driven by steady PPOP growth (+9.2% y-y) and sufficient coverage
buffer. (RC)