BOCI Slightly Raises CM BANK TP to HKD59.61, Maintains Buy

AASTOCKS News
2026.05.05 04:03
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BOCI has slightly raised the target price for CM BANKfrom HKD59.58 to HKD59.61 while maintaining a Buy rating. The bank reported a net profit growth of 1.5% YoY in 1Q26, with solid fundamentals and strong asset quality, despite a decline in NIM. The broker expects CM BANK to achieve the highest ROAE among its peers in 2026. Short selling data indicates a ratio of 41.995% with a total of $221.89M.