Morgan Stanley expects Bank of China's stock price to rise over the next 60 days

Breakings ·  11/24/2023 15:23
Morgan Stanley published a technical opinion report, believing that the Bank of China (03988.HK) stock price will rise over the next 60 days, with a probability of 70 to 80%. Give it an “increase in holdings” rating, with a target price of 3.8 yuan. Damo believes that according to historical rules, investors will gradually shift their focus to dividends at the end of December and the beginning of next year rather than risk factors, and that the Bank of China's 8.9% dividend return and still sufficient reserve buffers provide good return opportunities.

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