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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

野村證券將CM銀行(03968.HK)TP上調至82.6美元,評級為買入
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.

據野村證券(Nomura)報道,CM銀行(03968.HK)在投資者會議上宣佈,其財富管理資產規模較3月底增長7.9%,至2.64萬億元人民幣,其中基於淨值的產品約佔1.93萬億元人民幣。該公司管理層預計,財富管理產品在中國市場前景看好,因為他們期待着即將與摩根大通(JP Morgan)的合作。野村證券將CM銀行的目標價從71.91美元上調至82.6美元,評級為買入。

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