Daiwa: Lowering the profit forecast for Bank of Communications (01988.HK) Maintains target price of 6.1 Hong Kong dollars, and rates it as "accumulate"

According to the Wise Finance APP, Morgan Stanley has released a research report stating that it has updated its risk-return assessment for China Minsheng Banking Corporation Limited (01988.HK) and revised its profit forecast for the bank based on its third-quarter performance. The bank has raised its forecast for Minsheng Banking's net interest margin and raised its forecast for the bank's credit costs after the third quarter of 2025. Therefore, Morgan Stanley has lowered its earnings forecasts for Minsheng Banking for the years 2025 to 2027 by 2.1%, 6.5%, and 7.9% respectively. The target price for the H-shares remains at 6.1 Hong Kong dollars with a "Buy" rating.