On October 30, Guolonghui | Morgan Stanley's report pointed out that the decline in cm bank's third-quarter fee income has put pressure on revenue and profit growth, while customer base expansion remains healthy. Considering that the cost of crediting in the third quarter is at a low level, it is believed that cost efficiency is still important to support cm bank's future quarterly profits. The bank rates it as "shareholding", with an H share target price of 44.5 Hong Kong dollars. Morgan Stanley stated that cm bank's third-quarter profit increased by 0.8% year-on-year, showing recovery growth. In addition, the net interest margin recorded a 2 basis point decrease quarter-on-quarter, believed to be within expectations, as the 10 basis point reduction in the LPR interest rate in July led to a decrease in loan yield. The reduction in deposit rates offset the rise in time deposit portfolio and resulted in a 4 percentage point decrease in deposit costs quarter-on-quarter. Service fee income continued to decline by 12.9% year-on-year, but the decline narrowed compared to the first half of the year.