Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03968 CM BANK
RTNominal unchange30.950 0.000 (0.000%)
Others

20/09/2018 16:05

[I-bank focus]Morgan raises CM Bank (03968) to HK$36.2

[ET Net News Agency, 20 September 2018] Morgan Stanley raised its target price for
China Merchants Bank (CMB)(03968) to HK$36.2 from HK$34.3, and upgraded its rating to
"overweight" from "equal-weight".
It said the upgrade reflects (1) the toughest time for financial cleanup is over; (2)
financial WMP rules from CBIRC could be catalyst for the stock; and (3) concerns of trade
tensions appear already somewhat priced in.
With continued investment in technology, CMB has notably improved the banking experience
for its client base. CMB's mobile banking app and credit card app combined has 54 million
actively monthly users, one of the highest among peers, noted the research house.
With higher-than-peer retail revenue contribution and half its loan portfolio in retail,
CMB is well positioned to defend against potential downside from US-China trade tensions,
Morgan added.
With Rmb6.6tn of retail AUM (Rmb2tn from private banking customers), CMB can continue to
benefit from a higher contribution from its capital-light fee income business,
particularly given still heathy household financial asset growth despite some moderation
in China GDP growth. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  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 2024 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.