The Zhitong Finance App learned that Citibank released a research report saying that it included Chongqing Rural Commercial Bank (03618) as a 30-day positive catalyst. It is believed that its strong performance in the third quarter of this year will surpass market expectations. The bank maintained the Chongqing Rural Commercial Bank's “buy” rating, with a target price of HK$8.37.

The bank said that benefiting from transaction revenue in the third quarter, stable quarterly net interest spreads and stable asset quality, the year-on-year profit growth in the third quarter is expected to accelerate to about 13%, driving Chongqing Rural Commercial Bank's annual profit growth of about 8% to 9% year-on-year, with attractive valuations to support stock prices.

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