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<Research>Citi: CMB Mgmt Has Limited Motivation to Drive Profit Growth
Recommend 5 Positive 7 Negative 4 |
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Citi’s report anticipated a negative market reaction to CM BANK (03968.HK)’s 1Q25 net profit, which eroded 2.1% YoY, missing forecast, The broker considered this reflects limited motivation from management to drive profit growth, as CMB faces no capital pressure and can generate sufficient organic capital to meet its growth needs. Citi maintained a Buy rating on CM BANK with a target price of HKD41.06. AAStocks Financial News |
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