Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00939 CCB
RTNominal up6.250 +0.090 (+1.461%)
Research Report

28/12/2020 15:00

Guotai Junan lowers CCB (00939) to HK$7.45; "accumulate"

[ET Net News Agency, 28 December 2020] Guotai Junan International lowered its target
price for China Construction Bank (CCB) (00939) to HK$7.45 from HK$7.65 to reflect changes
in the market valuations and maintained its "accumulate" rating.
The research house said CCB recorded a net profit of RMB205,832mn for 1Q-3Q, down 8.7%.
Net interest income was RMB404,787mn, up 6.7%. NIM decreased by 14 bps to 2.13%. NPL ratio
was 1.53% as of the end of 3Q, up 0.11 ppts compared with the end of 2019.
Guotai Junan revised down its FY2020-22 EPS forecasts by 11%/9.4%/8.6%, respectively. It
forecast CCB's EPS to be RMB0.963/RMB1.027/RMB1.095. It thinks the current valuation is
still relatively low. (KL)

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