---
title: "UBS: MINSHENG BANK  1Q26 Net Profit Dragged by Surge in Provisions, Rating Buy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285045975.md"
description: "UBS reported that MINSHENG BANKexperienced a 9.6% YoY decline in net profit after tax for 1Q26, the lowest among its peers, primarily due to increased provision expenses. Despite this, revenue and pre-provision operating profit met expectations. The bank has delayed its forecast for a return to positive net profit growth until 2027 but maintains a Buy rating with a target price of HKD4.6."
datetime: "2026-05-04T08:33:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285045975.md)
  - [en](https://longbridge.com/en/news/285045975.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285045975.md)
generator: "portal-rs"
---

# UBS: MINSHENG BANK  1Q26 Net Profit Dragged by Surge in Provisions, Rating Buy

UBS issued a research report stating that MINSHENG BANK (01988.HK) +0.040 (+1.124%) Short selling $886.10K; Ratio 4.048% recorded a significant YoY decline of 9.6% in net profit after tax for 1Q26, the weakest among its peers. However, revenue and pre-provision operating profit growth in 1Q26 were broadly in line with expectations. The earnings miss was mainly due to a notable rebound in provision expenses during the quarter.

The bank has postponed its forecast for MINSHENG BANK to return to positive full-year net profit after tax growth to 2027. It maintained a Buy rating with an H-share TP of HKD4.6. (hc/da)(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.

### Related Stocks

- [600016.CN](https://longbridge.com/en/quote/600016.CN.md)
- [01988.HK](https://longbridge.com/en/quote/01988.HK.md)
- [512820.CN](https://longbridge.com/en/quote/512820.CN.md)
- [516210.CN](https://longbridge.com/en/quote/516210.CN.md)
- [515020.CN](https://longbridge.com/en/quote/515020.CN.md)
- [159887.CN](https://longbridge.com/en/quote/159887.CN.md)
- [512800.CN](https://longbridge.com/en/quote/512800.CN.md)
- [UBS.US](https://longbridge.com/en/quote/UBS.US.md)

## Related News & Research

- [PATEO CONNECT Secures RMB2.5 Billion Strategic Credit Line from Minsheng Bank](https://longbridge.com/en/news/282183990.md)
- [Latvian Forest Company posts Q2 2026 interim report availability](https://longbridge.com/en/news/296456885.md)
- [Sino Biopharm declares 2026 interim dividend of HKD 0.07 a share](https://longbridge.com/en/news/296324109.md)
- [JPM: MINSHENG BANK  1Q Earnings Miss; Rated Neutral](https://longbridge.com/en/news/285038259.md)
- [Diageo announces BRL 0.32 per unit distribution for Q3 2026](https://longbridge.com/en/news/295964479.md)

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