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

Bank stocks continue to rise, with Bank of Shanghai up over 2%, Bank of Chongqing, CITIC Bank, Agricultural Bank of China, China Merchants Bank, QLB, and PSBC all up over 1%

Dongfang Securities: Maintains "Buy" rating on PSBC, performance growth continues to improve

Dongfang Securities maintains a "Buy" rating on PSBC, expecting a reasonable value of RMB 6.69 per share by 2025. As of the third quarter of 2025, PSBC's revenue, PPOP, and net profit attributable to shareholders are expected to grow by 1.8%, 8.2%, and 1.0%, respectively. The growth rate of net interest income is -2.1%, while fee income is expected to increase by 11.5% year-on-year. Management expenses have weakened due to adjustments in agency fee rates, and lower credit costs support net profit growth

In "The Big Banks," China International Capital Corporation raised the target price for PSBC to 6.84 yuan, with last quarter's profits continuing to show positive growth

BOC International released a research report, maintaining that PSBC will achieve 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. Although the growth rate has slowed compared to the second quarter, PSBC's asset quality remains excellent. BOC International raised its target price for H shares from HKD 6.35 to HKD 6.84, maintaining a "Buy" rating

Insurance funds appear in the list of the top ten circulating shareholders of 713 A-share companies

As of the end of the third quarter of 2023, insurance institutions appeared in the top ten circulating shareholders of 713 A-share listed companies. Insurance institutions newly entered 203 stocks, increased holdings in 185 stocks, and did not change positions in 112 stocks. Major holdings include CMBC, SPD Bank, etc., with bank stocks still being heavily weighted. The changes in holdings show significant increases in PSBC, NJBK, and others. Among the newly entered heavyweights, Agricultural Bank of China and Industrial and Commercial Bank of China rank at the top