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<Research>DBS Raises ABC's TP to HKD5.3; Growth Trend Better Than Peers
Recommend 2 Positive 5 Negative 1 |
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The growth trend of ABC (01288.HK) (601288.SH) was better than that of its peers, DBS opined in its research report. Last quarter, ABC's net profit increased by 2% YoY to RMB72 billion, while its loan balance grew by 5.1% QoQ, with net interest margin dropping by 10 bps YoY. DBS raised its target price for ABC from HKD4.6 to HKD5.3 and reiterated the Buy rating. AAStocks Financial News |
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