BOCI Slightly Adds ICBCTP to HKD9.22, Maintains Buy
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BOCI has slightly increased the target price for ICBCfrom HKD9.21 to HKD9.22 while maintaining a Buy rating. The bank reported a net profit growth of 3.3% year-on-year in Q1 2026, exceeding forecasts, and its net interest margin was stable at 1.29%. The report highlights ICBC's solid asset quality and attractive valuation. Short selling data indicates a ratio of 33.241%.
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