---
title: "BANKCOMM  Rebounds, Up Over 3%; BofAS Raises TP to HKD7.1"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297467949.md"
description: "Bank of America Securities raised its target price for Bank of Communications' H-shares to HKD7.1 from HKD6.96, citing strong first-half results with net profit up 4% YoY and PPOP growth of 10.8%. The broker maintained a Neutral rating on H-shares due to lower dividend yields compared to peers but reiterated a Buy rating on A-shares, highlighting an attractive 4.8% dividend yield. Meanwhile, BANKCOMM shares rebounded over 3% to trade at HKD7.77."
datetime: "2026-08-31T05:51:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297467949.md)
  - [en](https://longbridge.com/en/news/297467949.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297467949.md)
generator: "portal-rs"
---

# BANKCOMM  Rebounds, Up Over 3%; BofAS Raises TP to HKD7.1

BANKCOMM (03328.HK) +0.255 (+3.395%) Short selling $38.52M; Ratio 28.141% opened down 1.33% this morning (31 Aug), hitting a trough of HKD7.41. It is now trading at HKD7.77, up 3.46%, with volume of 23.4333 million shares and turnover of HKD181 million.

BofAS said in a report that BANKCOMM (03328.HK) +0.255 (+3.395%) Short selling $38.52M; Ratio 28.141% 's net profit for 1H26 rose 4% YoY to RMB47.9 billion, slightly below its forecast by 0.4%, while pre-provision operating profit (PPOP) increased 10.8% YoY to RMB88.6 billion, 1.3% above its estimate. Due to a low base effect, income tax surged tenfold YoY in 1H26, with the effective tax rate reaching 9.4%. The broker maintained a Neutral rating on the H shares and a Buy rating on BANKCOMM (601328.SH) +0.150 (+2.113%) A shares. The TP for the H shares was raised from HKD6.96 to HKD7.1, while the TP for the A shares was lifted from RMB7.76 to RMB7.92.

The report noted that BANKCOMM's return on equity (ROE) for 1H26 fell 0.5 ppts YoY to 8%, while its core tier-1 capital adequacy ratio remained flat QoQ at 11.25%. Interim dividend per share amounted to RMB0.168, up 7.7% YoY, with the payout ratio increasing by 1 ppt YoY. The broker slightly adjusted its EPS forecasts for 2026 to 2028 by less than 1% following the results.

BofAS said BANKCOMM's A shares offer an attractive valuation with a dividend yield of 4.8%, above the 4% average of state-owned banking peers, and reiterated its Buy rating on the A shares. For the H shares, it maintained a Neutral rating due to a dividend yield lower than state-owned banking peers.(ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-31 12:25.) (A Shares quote is delayed for at least 15 mins.)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**