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Citi: Assigning a Target Price of HKD 7.28 for China Construction Bank Corporation (00939) with a rating of "Buy".
The bank believes that investors will react negatively to the decline in China Construction Bank's net income in the first quarter, but considers it necessary to increase provisions in advance and raise the coverage ratio for non-performing loans.
Goldman Sachs: The first quarter performance of the domestic banks fell short of expectations, investors are expected to focus on whether the annual dividend can be maintained.
The bank stated that, except for Agricultural Bank, the loan growth of most domestic banks has not been as strong as expected, which is believed to raise investor concerns about whether annual dividends can be maintained.
UBS Group: Assigns a "Buy" rating to China Construction Bank Corporation (00939) with a Target Price of 7.4 Hong Kong dollars.
The bank stated that China Construction Bank Corporation (00939) performed worse than expected in the first quarter, with revenue and profit after tax declining more sharply compared to the four major domestic banks, anticipating a negative market reaction to the performance.
China Construction Bank's Q1 Profit Falls 4%, Operating Income Slips 5%; Shares Slump 3%
China Mainland Banking stocks are weakening, CM BANK (03968) is down 5.51%, many banks' net profits fell year-on-year in the first quarter.
Jinwu Finance News | China Mainland Banking stocks are weak. As of press time, SHENGJINGBANK (02066) fell by 8.57%, CM BANK (03968) fell by 5.51%, Postal Savings Bank Of China (01658) fell by 5.36%, Industrial And Commercial Bank Of China (01398) fell by 4.74%, China Construction Bank Corporation (00939) fell by 4.23%, and Bank Of Communications (03328) fell by 3.96%. In terms of news, several banks announced their performance for the first quarter of 2025. Among them, China Construction Bank Corporation's net profit in the first quarter decreased by 3.99% year-on-year; Industrial And Commercial Bank Of China's net profit in the first quarter decreased by 3.99% year-on-year; Bank Of China’s net profit in the first quarter year-on-year.
Hong Kong stocks movement | China Mainland Banking dropped significantly in the morning, with CM BANK (03968) falling nearly 6% and Postal Savings Bank Of China (01658) dropping over 5%.
China Mainland Banking stocks are seeing significant declines. As of the time of writing, CM BANK (03968) is down 5.73% at HKD 41.95; Postal Savings Bank Of China (01658) is down 5.15% at HKD 4.60; Industrial And Commercial Bank Of China (01398) is down 4.2% at HKD 5.25.
