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Bank of America Securities: Key trends of China Construction Bank in line with expectations, profit rise positively.
Golden Ten Data on October 31, BofA Securities issued a report pointing out that China Construction Bank (00939. HK) rose 0.1% year-on-year to RMB255.8 billion in the first nine months, similar to the RISE recovery of other state-owned banks. The bank kept its earnings forecast unchanged with a “buy” rating and a target price of HK$7.08 for H shares due to its strong balance sheet, attractive dividend yield and cheap valuation.