$China Merchants Bank (03968.HK) $Mid-term results for this year will be announced on Friday, with the epidemic affecting revenue growth performance, but brokers expect China Merchants Bank's profit growth to outperform his peers. Combined with the four brokerages, the net profit in the first half of 2022 is 679.22-69.081 billion yuan, up 11.1% to 13% from 61.15 billion yuan in the first half of 2021; the median is 68.341 billion yuan, up 11.8% from the same period last year.
According to the report, the market will pay attention to the trend of China Merchants Bank's net interest margin and the growth of fee income, especially the related performance of fund sales and wealth management product business, as well as the recovery of retail business and asset quality outlook, especially SMEs, credit card credit and property credit. At the same time, it will also pay attention to the new management, including the new president's comments on China Merchants Bank's future strategy.