CMB: Maintains Neutral Rating on Agricultural Bank of China (01288.HK) with a Target Price of 6.25 Hong Kong dollars.

Zhixin Finance APP learned that JPMorgan released a research report stating that Agricultural Bank of China (01288.HK) saw an 11% year-on-year increase in revenue in the first quarter of this year, and a 5% increase in net profit, mainly due to the rebound in net interest margin exceeding expectations and strong non-interest income. The bank predicts that strong revenue and a turning point in net interest margin will boost stock prices. They rated Agricultural Bank of China as "neutral" with a target price of 6.25 Hong Kong dollars.