BOCI Research: Agricultural Bank of China (01288.HK) Target Price Raised to HKD 6.95, Undervalued Worth, Rated as "Buy"

According to the Zhixin financial APP, CICC International released a research report stating that Agricultural Bank of China (01288.HK) had a net interest margin of 1.3% and 1.32% in the first three quarters and first half of 2025, respectively, which decreased by 12 and 10 basis points from the end of 2024; it also believes that the bank's asset quality will improve in the third quarter of 2025, and its valuation is attractive, raising the H-share target price from 6.09 Hong Kong dollars to 6.95 Hong Kong dollars, equivalent to a predicted price-to-book ratio of 0.8 times this year; maintaining a "buy" rating.