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00939 CCB
RTNominal up6.250 +0.090 (+1.461%)
Research Report

03/11/2020 17:39

{I-bank focus}Credit Suisse lifts CCB (00939) to HK$7.2

[ET Net News Agency, 3 November 2020] Credit Suisse lifted its target price for China
Construction Bank (CCB) (00939) to HK$7.2 from HK$6.9 and maintained its "outperform"
The research house said CCB's attributable profit declined 4.1% in 3Q, thanks to slower
provision growth, and accelerating revenue growth. Profit decline accelerated to 8.7% in
9-month, 1.3pp faster than in 1H.
Credit Suisse revised up its 2020 earnings growth forecasts for CCB to -0.7% (from -10%)
to reflect the improving trend in the bottom line. (KL)

Remark: Real time quote last updated: 07/05/2021 17:59
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