Mar 22, 2021 03:29 PM (GMT+8) · EqualOcean
Morgan Stanley released a research report, which raised the target price of China Merchants Bank (03968) by 31% to HK $73, rating it "better than the big market". The number of retail customers and the size of retail asset management increased by 9.7% and 19.3% respectively last year, the bank said. By the end of last year, the company's net profit was about 97.342 billion yuan, up 4.82% year on year, with a profit of 3.79 yuan per share and a final dividend of 1.253 yuan per share.