BOCI Securities: Raised target price of China Construction Bank Corporation (00939) to HK$11.28 with a "Buy" rating.

(BOCI) has released a research report stating that China Construction Bank Corporation (00939) is expected to see a 2.2% increase in its net profit attributable to shareholders in the fourth quarter of 2025, compared to the same period in 2024. The bank's net profit for the first three quarters of 2025 is projected to grow by 0.6% year-on-year. In the fourth quarter of 2025, the bank's asset quality continued to improve, with its non-performing loan ratio decreasing to 1.31% as of the end of December, compared to 1.32% at the end of September 2025. BOCI believes that the current valuation of China Construction Bank Corporation is attractive, and has raised its target price from 10.44 Hong Kong dollars to 11.28 Hong Kong dollars, while maintaining a "buy" rating for the stock.