According to a research report published by Bank of America Securities, Agricultural Bank's net profit for the first nine months of this year rose 7.1% year on year to 236.5 billion yuan, the best among major state-owned banks; core profit rose 15.3% year on year, which is equivalent to 85% of the bank's full-year forecast. The bank raised its profit forecast for 2026 to 2028 by about 1%. The target price for H shares was raised from HK$6.29 to HK$7.44, maintaining a “buy” rating. The target price for A-shares was raised from $6.91 to $8.06, with a “neutral” rating. The bank remains optimistic about H shares due to strong profit momentum and relatively attractive dividend yields.

Zhitongcaijing · 2d ago
According to a research report published by Bank of America Securities, Agricultural Bank's net profit for the first nine months of this year rose 7.1% year on year to 236.5 billion yuan, the best among major state-owned banks; core profit rose 15.3% year on year, which is equivalent to 85% of the bank's full-year forecast. The bank raised its profit forecast for 2026 to 2028 by about 1%. The target price for H shares was raised from HK$6.29 to HK$7.44, maintaining a “buy” rating. The target price for A-shares was raised from $6.91 to $8.06, with a “neutral” rating. The bank remains optimistic about H shares due to strong profit momentum and relatively attractive dividend yields.