Morgan Stanley Predicts Agricultural Bank Stock to Rise Within 30 Days on Stable Net Interest Margin

Stock News
04/09

Morgan Stanley has issued a research report forecasting that the share price of Agricultural Bank of China (01288) is likely to increase over the next 30 days, with an estimated probability of over 80%. The bank's recently disclosed data indicates continuous improvement in loan yields, stabilization of net interest margins, and strong loan demand. These factors are expected to drive Agricultural Bank’s first-quarter earnings above expectations. Morgan Stanley has set a target price of HK$6.9 for the stock and maintains an "overweight" rating.

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