Komo lowered ICBC's (01398) profit forecast for 2023 by 1%.
The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that Minsheng Bank (01988)'s profit estimates for each year from 2023 to 2025 increased slightly by 0.2%, slightly decreased by 0.1%, and increased 1%, respectively, to reflect the latest forecast for its net interest spread. The target price was raised to HK$3.7 to HK$4, maintaining the “increase in holdings” rating.
Additionally, ICBC (01398)'s 2023 profit forecast was lowered by 1%, and the 2024 and 2025 profit forecasts were raised by 0.6% and 3.9%, respectively, to reflect the latest views on its net interest spread and asset quality. The target price was raised by 8.7% from HK$4.6 to HK$5, maintaining the “Overweight” rating.