According to the Zhitong Financial APP, DBS released a research report stating that it maintains a “buy” rating for china citic bank corporation (00998), with a dividend yield of 8.4% this year, higher than its peers. The company's profit forecast from this year to 2026 remains largely unchanged, with the target price raised from 4.9 Hong Kong dollars to 5.1 Hong Kong dollars. The company's first-half net profit fell by 1.6% year-on-year to 35.5 billion renminbi (RMB) (below), in line with expectations, while income and pre-provision profit increased by 2.7% and 1.4% respectively. The non-performing loan ratio increased by one basis point to 1.19% on a semi-annual basis, and the risk portfolio remains stable.

The bank expects the company to have a compound annual growth rate of 6% from 2023 to 2026. It believes that the net interest margin will be under pressure in the second half of this year and next year, but the trend will be better than the industry. It is expected that china citic bank corporation's profit in 2026 will grow steadily due to stable growth in corporate loans demand, gradual recovery of retail loans, a year-on-year increase of 7.5% in fee income, and lower non-performing loan rates and credit costs.