---
title: "JPM: MINSHENG BANK  1Q Earnings Miss; Rated Neutral"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285038259.md"
description: "JPM's report indicates that MINSHENG BANKmissed 1Q earnings expectations, with revenue up 3% YoY but net profit down 10% YoY due to higher impairment provisions. The bank's non-interest income also fell short of forecasts. Concerns over asset quality may pressure future earnings, leading JPM to assign a Neutral rating with a target price of HKD3.9. The share price is expected to react mildly negatively."
datetime: "2026-05-04T07:08:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285038259.md)
  - [en](https://longbridge.com/en/news/285038259.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285038259.md)
generator: "portal-rs"
---

# JPM: MINSHENG BANK  1Q Earnings Miss; Rated Neutral

JPM released a report stating that MINSHENG BANK (01988.HK) +0.040 (+1.124%) Short selling $886.10K; Ratio 4.048% reported 1Q earnings that missed expectations. Revenue rose 3% YoY, while net profit fell 10% YoY, mainly due to impairment provisions that were 13% higher than expected, offsetting positive operating trends such as a QoQ rebound in NIM and solid growth in fee income. Non-fee income was also weaker than expected, dragging total non-interest income to 2% below the brokers forecast.

The broker believes that higher-than-expected impairment charges and ongoing concerns over asset quality may pressure the banks earnings outlook. It expects the share price to face a mildly negative reaction. JPM assigned a Neutral rating to MINSHENG BANK with a TP of HKD3.9. (hc/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 12:25.)

This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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