[ET Net News Agency, 19 December 2025] Morgan Stanley raised the target price for ICBC (01398) to HKD8 from HKD7.6 and maintained the "overweight" rating.
The research house said it lowers 2025E-27E NIM forecasts to factor in slower NIM recovery at SOE banks, but raises fee income forecasts following quicker than expected fee income growth in 3Q25. (rc)
The research house said it lowers 2025E-27E NIM forecasts to factor in slower NIM recovery at SOE banks, but raises fee income forecasts following quicker than expected fee income growth in 3Q25. (rc)