Morgan Stanley raises China Construction Bank Corporation's target price to HKD 9.9, rating it as "overweight".

Morgan Stanley released a research report stating that based on China Construction Bank Corporation's (00939) third quarter performance in 2025, they have revised their profit forecasts for the bank. They have lowered the net interest margin forecasts for 2025 to 2027, while raising related forecasts due to higher-than-expected growth in fee income in the third quarter of 2025. As a result, the 2025 post-tax net profit forecast has been adjusted upwards by 0.1%, while the 2026 and 2027 post-tax net profit forecasts have been revised downwards by 0.3% and 0.8% respectively. The target price has been raised from 9.5 Hong Kong dollars to 9.9 Hong Kong dollars, with a "hold" rating.