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<Research>Citi: BANK OF CHINA (03988.HK) 1Q Performance Weak
Recommend 8 Positive 6 Negative 2 |
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BANK OF CHINA (03988.HK)'s 1Q25 performance was weak, dragged down by a surge in net interest margin and operating expenses, Citi Research issued a research report saying. Furthermore, China-US trade risk was higher than peers, which is a cause for concern. Therefore, the broker kept its target price for BANK OF CHINA at $4.53, with rating at Buy. BANK OF CHINA's 1Q25 PPOP amounted to RMB105.3 billion, down 1.4% from the same period of 2024, mainly dented by a surge in net interest margin and operating expenses. AAStocks Financial News |
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