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03328 BANKCOMM
RTNominal up5.160 +0.070 (+1.375%)
Others

29/10/2019 09:48

{I-bank focus}Daiwa cuts BankComm (03328) to HK$6.1

[ET Net News Agency, 29 October 2019] Daiwa Research lowered its target price for Bank
of Communications (BankComm)(03328) to HK$6.1 from HK$6.6 and maintained its "outperform"
rating.
The research house said BankComm management during its 3Q analyst briefing guided for a
stable NIM in 4Q versus 9-month and expected to further optimise the liability structure
to deal with the loan yield decline led by the new loan prime rate (LPR).
Daiwa trimmed its 2019-21 EPS forecasts by 0.4-3% mainly on lower NIM forecasts. (KL)

Remark: Real time quote last updated: 06/12/2019 17:59
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