BOCI released a research report stating that CM BANK (03968) reported a 1% year-on-year increase in net profit attributable to shareholders for Q3 2025, slowing from the 2.7% growth in Q2. The bank's asset quality remained excellent in Q3, with net interest margins stabilizing. BOCI forecasts CM BANK's 2025 ROAE to reach 13.2%, the highest among peers, and raised its H-share target price from HK$54.42 to HK$56.85, equivalent to 1.15x projected P/B for the year. The "Buy" rating was maintained.
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