Morgan Stanley's analyst rating for MINSHENG BANK is "Overweight" due to an updated risk-return assessment following the bank's 3Q25 results. The firm has revised its earnings forecasts, lifting expectations for the bank's net interest margin (NIM) and post-result credit costs. However, despite these positive adjustments, Morgan Stanley has lowered its earnings per share (EPS) forecasts for 2025-27 by 2.1%, 6.5%, and 7.9%, respectively. The target price remains at HKD6.1, indicating a belief in the bank's potential for growth despite the downward revisions in EPS.
