Goldman Sachs upgrades ratings of multiple Bank of China stocks.

09/01/2025

GMT Eight

Goldman Sachs raised the rating of ABC (01288) H shares to neutral with a target price of HK$4.77; raised the rating of Industrial and Commercial Bank of China (01398) H shares to neutral with a target price of HK$5.62; raised the rating of Bank Of China (03988) H shares to buy with a target price of HK$4.91; raised the rating of China Merchants Bank (03968) H shares to buy with a target price of HK$47.36. Goldman Sachs raised the rating of China Merchants Bank (600036.SH) A shares to buy with a target price of RMB 49.85; raised the rating of ABC (601288.SH) A shares to neutral with a target price of RMB 6.06; raised the rating of Bank Of China (601988.SH) A shares to buy with a target price of RMB 6.60; raised the rating of Industrial and Commercial Bank of China (601398.SH) A shares to neutral with a target price of RMB 7.56.

PLUS GP HOLDING(02486) : Guo Yan resigned as co-company secretary.

On January 9, MEGA GENOMICS (06667) spent 1.128 million Hong Kong dollars to repurchase 120,000 shares.

Contact: contact@gmteight.com

Goldman Sachs upgrades ratings of multiple Bank of China stocks.

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