BOC International: Raises PSBC target price to HKD 6.84, last quarter's profit continues positive growth
BOC International released a research report stating that PSBC maintains positive profit growth in the third quarter of 2025, with a year-on-year increase of 1.2% in net profit attributable to shareholders in the third quarter, a slowdown compared to the 4.8% growth in the second quarter. PSBC's asset quality remained excellent in the first three quarters of 2025. As of the end of September 2025 and the end of June 2025, PSBC's net interest margin was 1.68% and 1.7%, respectively, down 19 basis points and 17 basis points from the end of 2024. BOC International stated that PSBC's asset quality remains robust, and its valuation is still attractive; it raised the target price for H shares from HKD 6.35 to HKD 6.84, equivalent to a forecasted price-to-book ratio of 0.7 times this year, maintaining a "Buy" rating
According to the Zhitong Finance APP, BOC International released a research report stating that Postal Savings Bank of China (01658) maintains positive profit growth for the third quarter of 2025, with a year-on-year increase of 1.2% in net profit attributable to shareholders in the third quarter, a slowdown compared to the 4.8% growth in the second quarter. The asset quality of Postal Savings Bank of China remained excellent in the first three quarters of 2025. As of the end of September 2025 and the end of June 2025, the net interest margin of Postal Savings Bank of China was 1.68% and 1.7%, respectively, down 19 basis points and 17 basis points from the end of 2024. BOC International stated that the asset quality of Postal Savings Bank of China remains robust, and its valuation is still attractive; it raised the target price for H shares from HKD 6.35 to HKD 6.84, equivalent to a forecasted price-to-book ratio of 0.7 times this year, maintaining a "Buy" rating
