Daiwa: Believe that the stock price of Industrial and Commercial Bank of China (01398.HK) is likely to rise in the next 60 days.

According to the Securities Times APP, Morgan Stanley released a research report stating that they believe the stock price of Industrial and Commercial Bank of China (01398.HK) will absolutely increase in the next 60 days, with an estimated probability of 60% to 70% ("very likely"). They rated the stock as "hold" with a target price of 6.9 Hong Kong dollars. It is expected by Morgan Stanley that an unexpected cut in deposit rates will support net interest margins, offsetting the negative impact of a moderate reduction in loan market price rates (LPR). With the policy direction clearly shifting towards supporting bank net interest margins, along with more rational credit growth and a more stable interest rate environment, it should help stabilize net interest margins and even push them gradually higher. The bank believes that ICBC offers attractive return opportunities, with a dividend yield of 6.2%.