The bank said that capital injection will enhance the quality of the company's balance sheet and is a long-anticipated catalyst for stock prices.
The Zhitong Finance App learned that CCB International released a research report saying that Bank of Communications (03328)'s performance last year was in line with expectations, and that capital injection will enhance the quality of the company's balance sheet and is also a long-anticipated stock price catalyst. The bank raised the target price of the company's H shares from HK$7.5 to HK$7.8, maintaining the rating of “outperforming the market”.
