Movement Alert|CM BANK Intraday Rise 3.04%, Institutions Bullish on Wealth Management Advantages

Market Focus
5 hours ago

On October 8, CM BANK rose 3.04% in regular trading, trading at 52.5 HKD/share, with Turnover of 260 million HKD.

Multiple institutions have recently issued positive ratings on CM BANK. Pacific Securities gave a Buy rating, citing wealth management driving fee income acceleration and narrowing net interest margin declines. Daiwa initiated coverage with an Outperform rating and a target price of 56.3 HKD, expecting fee income recovery to reshape earnings advantages.

Fundamentals show CM BANK's first-half operating net revenue reached 178.14 billion yuan, up 4.83% year-over-year, with adjusted net profit of 76.45 billion yuan, up 2.02%. Retail financial business remained stable at 54.35% of total, with low-cost demand deposits from its wealth management client base continuing to strengthen. Retail deposit costs averaged only 0.91%, significantly below peers.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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