The Zhitong Finance App learned that Agricultural Bank (01288) rose more than 3% at the end of the session, to a record high of HK$6.77. As of press release, it rose 3.04% to HK$6.77, with a turnover of HK$827 million.

Citibank released a research report saying that it has begun a 30-day positive catalyst review of Agricultural Bank because its strong third-quarter results are expected to exceed expectations, and the profit growth rate is expected to accelerate to about 10% year-on-year, which means a 6.8% year-on-year increase in the first three quarters, up 4.9% from the first half of the year, the highest among major banks in the mainland.

The bank said that this is mainly due to the fair value change earnings of Changxin Storage. It is estimated that the agricultural bank's revenue/profit could be boosted by a high single-digit percentage point or low double-digit percentage point in the third quarter, plus loan growth maintaining a steady level of high single-digit year-on-year; stable net interest spreads on a quarterly basis; and stable asset quality.

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