On June 14th, Credit Suisse released a report stating that chinahongqiao's profit forecast shows a net income increase of around 220% from the same period in 2023 until the end of June. Assuming 90% of the net income attributable to shareholders, the bank estimates that the mid-term net income accounts for about 48% and 49% of the bank's and market's full-year forecasts, respectively. The bank predicts a neutral response from investors. chinahongqiao currently has a predicted PE ratio of 5.4 times (average of 4.0 times over the past decade), with a target price of HKD 13 and a "buy" rating.
大行评级｜瑞银：予中国宏桥“买入”评级 预计投资者对盈喜反应中性
Credit rating｜UBS Group: Gives Chinahongqiao a "buy" rating, expecting neutral reaction from investors to the positive earnings.
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