CMB: Neutral rating on China Minsheng Bank (01988.HK) with a target price of HK $3.9

According to the Wisdom Financial APP, JP Morgan released a research report stating that it gave China Minsheng Bank (01988.HK) a "neutral" rating with a target price of 3.9 Hong Kong dollars. The bank believes that Minsheng Bank's impairment expenses exceeded expectations, along with ongoing concerns about asset quality, may pose pressure on the profit outlook. It is also expected that the stock price will face a slight negative reaction.