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China Construction Bank Corp

China Construction Bank Corporation provides a comprehensive range of commercial banking products and services to individuals and corporate customers.

Industry: Banks

Ticker Exchange ISIN Name
$939 HKEx Main Board CNE1000002H1 Code: 939

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Stephen Dixon 15:36 20/10/2020

$939 Morgan Stanley believed there will be a 60%-70% chance of CCB's price rally in the coming 60 days. The lender was rated Overweight at a $7 target.

Chinese banks have enticing valuation after correction. Loan yield could stabilize in 2H20 amid the fading pandemic. The broker also expected Chinese watchdogs to ease 2H regulatory guidance. #buy