Agricultural Bank of China's 2Q Earnings Growth Could Exceed 6%
Dow Jones
Aug 18
0721 GMT - Agricultural Bank of China's H-share has been added to a 30-day upside catalyst watch by Citigroup, on expectations that its 2Q earnings growth could exceed 6% on year, the highest among China's big banks, Citi analyst Judy Zhang says in a note. Citi now expects 2026 earnings growth of around 5%-6%, up from its previous expectations for about 4%, despite potential recapitalization in late 3Q. Citi now estimates the recapitalization at CNY160 billion, down from CNY200 billion previously, with full-year EPS dilution now estimated at 6%, versus 8% previously. Citi maintains its buy rating with a HK$7.00 target price. Shares are up 0.8% at HK$5.35.
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