CICC assigns Outperform to China Merchants Bank stock

Published on 10/02/2026 at 13:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CICC set a HKD 60.49 target and rated the bank Outperform on September 29, 2026. China Merchants Bank stock costs EUR 5.74 after EUR 5.79.

CM Bank, CNE1000002M1, Illustration mit AI erstellt.

China Merchants Bank (CNE1000002M1) stock was trading at EUR 5.74 at Lang & Schwarz on October 2, 2026 at 1:37 p.m. CEST, down 0.86 percent from the prior close of EUR 5.79. The latest analyst signal came on September 29, 2026, when CICC assigned the bank an Outperform rating and a HKD 60.49 target, according to Futunn.

First-half growth improves

China Merchants Bank disclosed its 2026 half-year report on August 28, 2026. Revenue reached CNY 178.181 billion, up 4.83 percent year over year, while net profit attributable to shareholders totaled CNY 76.445 billion, up 2.02 percent, according to Futunn.

The composition of growth matters more than the headline alone. Net interest income increased 5.60 percent in the first half, while net fee and commission income rose 5.99 percent; wealth management commission income advanced 26.53 percent during the same period, the report review said.

Credit quality remains central

The bank's net interest margin stood at 1.83 percent in the first half of 2026, a decline of 5 basis points year over year. That pressure was partly offset by lower funding costs, but the non-performing loan ratio was 0.94 percent at the reporting date, unchanged from the end of 2025.

Retail credit remains the clearest counter-factor. The retail loan non-performing loan ratio reached 1.16 percent, up 10 basis points from the end of 2025, while the loan-loss provision coverage ratio stood at 385.10 percent, down 6.69 percentage points.

Stock stays within yearly range

For market context, the primary-exchange quote was last at CNY 41.26 on the Shanghai Stock Exchange on September 30, 2026 at 3:00 p.m. CST. The finance quote showed a CNY 35.28 to CNY 43.79 52-week range and a market capitalization of CNY 1.0 trillion as of that date.

At Lang & Schwarz, China Merchants Bank stock was trading at EUR 5.74 on October 2, 2026 at 1:37 p.m. CEST, down 0.86 percent versus the EUR 5.79 prior close of October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of China Merchants Bank stock.