Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01963 BCQ
RTNominal down5.000 -0.090 (-1.768%)
Others

20/10/2020 17:22

{I-bank focus}Morgan raises BCQ (01963) to HK$4.6

[ET Net News Agency, 20 October 2020] Morgan Stanley raised its target price for Bank
of Chongqing (BCQ)(01963) to HK$4.6 from HK$4.5 and maintained its "equal-weight" rating.
The research house believes the key concern on China banks has shifted from macro/NPL
risks to uncertainties from policy window guidance, which has reduced the chance of
excessive ROE at state-owned China banks when GDP growth and credit demand finally slows
in the future.
Morgan said BCQ is a concentrated play in urban areas of Chongqing and nearby cities, a
beneficiary of local industrialization and urbanization. Some short-term regional economy
overhang remains, which could weigh on BCQ's asset quality. Morgan remains cautious until
more evidence of a stabilized asset quality surfaces. (KL)

Remark: Real time quote last updated: 26/01/2021 13:51
  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 2021 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.