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<Research>M Stanley: CITIC BANK's Revenue Growth Stable Last Qtr w/ Improved Profitability Trend
Recommend 5 Positive 10 Negative 1 |
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CITIC BANK (00998.HK)'s revenue growth was stable at 3.6% YoY in 4Q24, slowing down from 6.3% in 3Q, according to a report released by Morgan Stanley. The bank's full-year revenue amounted to RMB213.646 billion, marking a 3.76% rise compared to the same period last year. The trend in pre-tax profit and net profit after tax also improved with increases of 16.6% and 7.5% respectively compared to the same period last year, likely due to some provision releases. The broker gave CITIC BANK an Equalweight rating with a target price of $4.5. AAStocks Financial News |
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