The analyst rating for CM BANK (03968.HK) was maintained at "Hold" by UOB Kay Hian, primarily due to a combination of factors. While the bank is expected to see a 1.2% year-over-year growth in net profit for 2025, driven by improvements in net interest income and a reduction in the decline of non-net interest income, the broker has also revised its target price down from $52 to $49. This adjustment reflects the latest earnings revisions and a lower long-term return on equity (ROE) forecast. Additionally, while UOB Kay Hian raised its 2025 earnings estimation by 1%, it cut its forecasts for 2026 and 2027 by 2.9% and 1.1%, respectively, indicating a cautious outlook for the bank's future performance.
