The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that after the limitation period ended, the Agricultural Bank (01288) rating was adjusted from “unrated” to “increased holdings” and a target price of HK$7.35 was given. The bank expects agricultural bank earnings per share to increase by 5.9%, 5.2% and 5.4% respectively from 2026 to 2028.

J.P. Morgan Chase pointed out that the asset quality of agricultural banks has improved, and the non-performing loan provision coverage ratio is the highest among the four major domestic banks, providing more buffer space for future profits. Furthermore, the bank's overseas exposure is low and less affected by the risk of a recession in overseas markets. However, the Agricultural Bank's core tier 1 capital adequacy ratio is relatively low, and risk-weighted asset growth is high.

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