Lates News

Goldman Sachs released a report stating that it is expected that the revenue growth of China Construction Bank in the first quarter of this year will gradually slow down, especially in market-related businesses due to the uncertainty of tariffs affecting the market, such as the decrease in daily trading volume and turnover rate. However, better-than-expected cost control may help offset the weak revenue growth. The most surprising performance compared to Goldman Sachs' predictions is the brokerage and investment banking businesses, as Goldman Sachs expected these businesses to benefit the most from the improvement in the capital markets. Despite the negative impact of rising bond yields during the quarter, investment income still exceeded Goldman Sachs' expectations. Goldman Sachs has lowered its revenue forecast for China Construction Bank for this year to 2027 by 3%, but raised its net profit forecast for the same period by 1%. The target price for China Construction Bank's H shares has been raised from HK$15.71 to HK$15.88, maintaining a "buy" rating.