China Merchants Bank's Near-Term Catalysts Likely Limited -- Market Talk

Dow Jones

09/04

0504 GMT - China Merchants Bank likely has limited near-term catalysts to help boost its share price, says UOB Kay Hian's Kenny Lim in a note. The lender's 2Q asset quality is stable, but it could continue to face risks in retail non-performing loans, which rose from the first quarter on higher delinquencies in micro-finance and consumer loans. The lender's 2Q fee income was weaker than Lim expected and its dividend yield of less than 5% lags behind its larger peers'. He trims his loan and fee income growth estimates, and reduces his 2025, 2026 and 2027 earnings forecasts by 3.2%, 2.4% and 3.4%, respectively. UOB Kay Hian downgrades its rating to hold from buy and lowers its target price to HK$51.00 from HK$60.00. Shares fall 1% at HK$47.40. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

September 04, 2025 01:04 ET (05:04 GMT)

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The lender's 2Q asset quality is stable, but it could continue to face risks in retail non-performing loans, which rose from the first quarter on higher delinquencies in micro-finance and consumer loans. The lender's 2Q fee income was weaker than Lim expected and its dividend yield of less than 5% lags behind its larger peers'. He trims his loan and fee income growth estimates, and reduces his 2025, 2026 and 2027 earnings forecasts by 3.2%, 2.4% and 3.4%, respectively. UOB Kay Hian downgrades its rating to hold from buy and lowers its target price to HK$51.00 from HK$60.00. Shares fall 1% at HK$47.40. 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The lender's 2Q asset quality is stable, but it could continue to face risks in retail non-performing loans, which rose from the first quarter on higher delinquencies in micro-finance and consumer loans. The lender's 2Q fee income was weaker than Lim expected and its dividend yield of less than 5% lags behind its larger peers'. He trims his loan and fee income growth estimates, and reduces his 2025, 2026 and 2027 earnings forecasts by 3.2%, 2.4% and 3.4%, respectively. UOB Kay Hian downgrades its rating to hold from buy and lowers its target price to HK$51.00 from HK$60.00. Shares fall 1% at HK$47.40. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 04, 2025 01:04 ET (05:04 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0183","symbol_name":"MSCI概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2564404823","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564404823","pubTimestamp":1756962240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0504 GMT - China Merchants Bank likely has limited near-term catalysts to help boost its share price, says UOB Kay Hian's Kenny Lim in a note. The lender's 2Q asset quality is stable, but it could continue to face risks in retail non-performing loans, which rose from the first quarter on higher delinquencies in micro-finance and consumer loans. The lender's 2Q fee income was weaker than Lim expected and its dividend yield of less than 5% lags behind its larger peers'. He trims his loan and fee income growth estimates, and reduces his 2025, 2026 and 2027 earnings forecasts by 3.2%, 2.4% and 3.4%, respectively. UOB Kay Hian downgrades its rating to hold from buy and lowers its target price to HK$51.00 from HK$60.00. Shares fall 1% at HK$47.40. 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The lender's 2Q asset quality is stable, but it could continue to face risks in retail non-performing loans, which rose from the first quarter on higher delinquencies in micro-finance and consumer loans. The lender's 2Q fee income was weaker than Lim expected and its dividend yield of less than 5% lags behind its larger peers'. He trims his loan and fee income growth estimates, and reduces his 2025, 2026 and 2027 earnings forecasts by 3.2%, 2.4% and 3.4%, respectively. UOB Kay Hian downgrades its rating to hold from buy and lowers its target price to HK$51.00 from HK$60.00. Shares fall 1% at HK$47.40. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 04, 2025 01:04 ET (05:04 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}