DJ China Merchants Bank Earnings Growth Might Pick Up in 2H -- Market Talk
0545 GMT - China Merchants Bank's earnings growth could accelerate in 2H on low-base effect, Bocom International says. The lender might continue to recover faster than peers, thanks to a strong retail bank franchise and prudent provisions, while its net-interest-margin contraction should ease further in the coming quarters on high asset yield, it adds. Bocom International raises its target price for the company's H-shares to HK$84 from HK$78 while keeping a buy rating. China Merchants Bank's H-shares edge 0.3% lower to HK$68.45 but are up 40% year to date. (clarence.leong@wsj.com)
(END) Dow Jones Newswires
June 09, 2021 01:45 ET (05:45 GMT)
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