JPMorgan Adjusts CICC Model, Slightly Raises Target Price to HK$24.5

Stock News

04/14

JPMorgan has updated its financial model for China International Capital Corporation (03908) to reflect the company's fourth-quarter results from last year and recent management comments regarding the progress of CICC's proposed share-swap merger with Dongxing Securities (601198.SH) and Cinda Securities (601059.SH). The firm now assumes the merger will be completed in the third quarter of 2026, a delay from the previously expected second quarter. As a result, JPMorgan has raised its net profit forecasts for the next two years by 2.5% and 4.6%, respectively. The bank also increased CICC's target price to HK$24.5 for the end of December 2026, up from HK$24, while maintaining an "Overweight" rating.

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The firm now assumes the merger will be completed in the third quarter of 2026, a delay from the previously expected second quarter. As a result, JPMorgan has raised its net profit forecasts for the next two years by 2.5% and 4.6%, respectively. The bank also increased CICC's target price to HK$24.5 for the end of December 2026, up from HK$24, while maintaining an \"Overweight\" rating.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0359202008.SGD","symbol_name":"Blackrock China Fund A2 SGD-H","start_time":0,"source_url":"","article_id":"1184614961","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184614961","pubTimestamp":1776149299,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"JPMorgan has updated its financial model for China International Capital Corporation (03908) to reflect the company's fourth-quarter results from last year and recent management comments regarding...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK1516":"腾讯概念","SG9999002828.SGD":"Eastspring Investments Unit Trusts - Dragon Peacock A SGD","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","BK1501":"阿里概念股","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","03908":"中金公司","EWH":"香港ETF-iShares MSCI","BK1147":"投资银行业与经纪业","LU0359201612.USD":"贝莱德中国基金A2","BK1564":"中资券商股"},"translate_title":"小摩调整中金模型目标价小幅上调至24.5港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03908":1,"EWH":1},"content_text":"JPMorgan has updated its financial model for China International Capital Corporation (03908) to reflect the company's fourth-quarter results from last year and recent management comments regarding the progress of CICC's proposed share-swap merger with Dongxing Securities (601198.SH) and Cinda Securities (601059.SH). The firm now assumes the merger will be completed in the third quarter of 2026, a delay from the previously expected second quarter. As a result, JPMorgan has raised its net profit forecasts for the next two years by 2.5% and 4.6%, respectively. The bank also increased CICC's target price to HK$24.5 for the end of December 2026, up from HK$24, while maintaining an \"Overweight\" rating.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}