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<Research>G Sachs: CN Banks' 1Q25 Results Miss; Investors Expected to Focus on Whether Full-Yr Div. Can Be Maintained
Recommend 38 Positive 58 Negative 29 |
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The five major Chinese state-owned banks, namely ICBC (01398.HK), BANK OF CHINA (03988.HK), CCB (00939.HK), ABC (01288.HK), and PSBC (01658.HK), all reported pre-provision profits and net profits for 1Q25 that were slightly below expectations, Goldman Sachs released a research report indicating. Meanwhile, other large state-owned commercial banks also saw net profits decline by about 2-4% YoY. With the exception of ABC, most Chinese banks' loan growth was not as robust as anticipated, which is believed to spark investor concerns over whether full-year dividends can be maintained. The latest investment ratings and target prices by Goldman Sachs for Chinese banks are available in a separate table. AAStocks Financial News |
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