Bank of China International: Raised target price of Agricultural Bank to HK$7.27, asset quality remains healthy.

China International Bank released a research report stating that the net profit attributable to Agricultural Bank of China in the fourth quarter of 2025 is expected to grow by 3.6% annually, while the growth rate in the third quarter of 2025 is projected to be 3.7% compared to the previous year. The net interest margin for the full year of 2025 and the first three quarters respectively are 1.28% and 1.3%, narrowing by 14 and 12 basis points compared to 2024. The bank believes that the asset quality will remain stable in the fourth quarter of 2025 and has raised its target price to HK$7.27, maintaining a "buy" rating.