China Construction Bank stock gains on Daiwa's new Buy call

China Construction Bank stock (CNE1000002H1) gained fresh attention after Futu News reported on September 18, 2026 that Daiwa initiated coverage with a Buy rating and a target price of HKD 11.05. Reuters showed the Hong Kong-listed stock at HKD 77.45, up 0.39 percent on September 18, 2026.

Daiwa sets a new tone

According to Futu News, Daiwa named China Construction Bank its top pick among Chinese banks and paired the Buy call with HKD 11.05 on September 18, 2026. The same report said Daiwa sees the worst period for net interest margins as over for Chinese banks.

That matters because a fresh positive rating can reset the debate around earnings quality, and Daiwa linked its call to margin stabilization rather than a short-term trade. The Reuters quote of HKD 77.45 on September 18, 2026 also leaves the stock far above the cited target level from the report.

2025 figures still frame it

Reuters' company page for 0002.hk shows revenue of HKD 84,365 million in 2025, down from HKD 89,116 million in 2024, while net income was HKD 10,667 million versus HKD 11,878 million a year earlier. The same Reuters page puts 2025 revenue at HKD 84,365 million and net income at HKD 10,667 million, making the comparison with 2024 clear.

For investors, the key point is that the new broker call arrives against a backdrop of lower 2025 revenue and profit, so margin delivery will matter more than a simple rerating. Reuters' 2025 figures also show the bank still generated more than HKD 10.6 billion in net income.

Stock and valuation

As of September 18, 2026, Reuters showed China Construction Bank at HKD 77.45 with a 0.39 percent gain. The broker call from Daiwa gives the stock a near-term catalyst, while the market is still pricing it at a level that is very distant from the HKD 11.05 target cited in the report.

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