Citibank: Increases target price for China Citic Bank Hong Kong to HK $49.7, maintain "buy" rating.

Citigroup released a research report stating that in response to the performance of the second half of last year, it has updated the forecasting model for Bank of China Hong Kong. The bank has raised the earnings per share forecast for Bank of China Hong Kong for the years 2026 to 2028 by 8%, 3% and 5% respectively, mainly due to a decrease in impairment expenses and an increase in net interest income. The target price has been raised from 47.6 Hong Kong dollars to 49.7 Hong Kong dollars, maintaining a "buy" rating.