The Zhitong Finance App learned that BOC International released a research report stating that the target price of CICC (03908) was raised to HK$28.5, corresponding to the target market account ratio of 0.91 times in 2026, maintaining the “buy” rating. In the first half of the year, CICC achieved net profit of RMB 8.199 billion, an increase of 89.3% over the previous year. Among them, handling fees and commission income, investment income, and interest income increased by 52.8%, 40% and 33.9%, respectively.

The bank updated its forecast for 2026 to 2028. Net profit due to mother is expected to reach 15.4 billion yuan, 16.2 billion yuan and 17 billion yuan respectively in the next three years. The company's performance in the second half of the year is expected to receive some support. In particular, there are still strong competitive barriers in domestic and foreign investment banking and wealth management businesses. BOC International pointed out that the company's stock price has recently fluctuated to a certain extent due to the restructuring incident, but with the advantages of investment banking and cross-border business in the long term, profit resilience is expected to be superior to the industry average.

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