Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down3.170 -0.050 (-1.553%)

20/08/2019 15:20

{I-bank focus}Huatai cuts CQRC Bank (03618) to HK$5.2; "buy"

[ET Net News Agency, 20 August 2019] Huatai Research cut its target price for Chongqing
Rural Commercial Bank (CQRC)(03618) to HK$5.2 from HK$5.4 and maintained its "buy" rating.
The research house said CQRC's PPOP grew 9.1% in 1H, driven by net interest income and
cost reduction, but was dragged by declining trading income arising from shrinking
investments in WMP.
NIM declined 17bp hoh to 2.35%, and Huatai expects further NIM contraction in 2H. Given
a NIM high base in 2H 2018 (2.53%), Huatai expects PPOP growth to decline to 2% in 2H.
However, it expects stable net profit growth in 2H given ample provision. (KL)

Remark: Real time quote last updated: 24/11/2020 14:42
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.