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Nomura Lifts CM BANK (03968.HK) TP to $82.6, Rated Buy

Nomura Lifts CM BANK (03968.HK) TP to $82.6, Rated Buy

野村证券将CM银行(03968.HK)TP上调至82.6美元,评级为买入
AAStocks ·  2021/06/02 22:08

During its investor meeting, CM BANK (03968.HK) announced that its wealth management AUM grew 7.9% to CNY2.64 trillion YTD compared to that at the end of March, with net-value-based products accounting for approximately CNY1.93 trillion, reported Nomura.

The company's management projected promising prospect for wealth management products in the Chinese market as they look forward to its upcoming cooperation with JP Morgan. Nomura ramps up CM BANK's target price from $71.91 to $82.6 with a Buy rating.

据野村证券(Nomura)报道,CM银行(03968.HK)在投资者会议上宣布,其财富管理资产规模较3月底增长7.9%,至2.64万亿元人民币,其中基于净值的产品约占1.93万亿元人民币。该公司管理层预计,财富管理产品在中国市场前景看好,因为他们期待着即将与摩根大通(JP Morgan)的合作。野村证券将CM银行的目标价从71.91美元上调至82.6美元,评级为买入。

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