Huatai Securities pointed out that Bank of Chongqing's high prosperity and continuous expansion of its balance sheet, raising the target price to 9.91 yuan

The Huatai Securities research report indicates that Bank of Chongqing (01963.HK) is expected to achieve a year-on-year growth of 10.5% in net profit attributable to shareholders and operating income in 2025, with performance generally in line with the bank's previous expectations. Major regional strategies support the company's accelerated balance sheet expansion, with strong growth in net interest income and overall stability in non-performing loans.

The bank stated that considering the company's subsequent balancing of capital factors, balance sheet expansion may slow down. It forecasts net profit attributable to shareholders for 2026 to 2028 to be RMB 6.2 billion, 6.9 billion, and 7.6 billion respectively, with year-on-year growth rates of 10.1%, 10.4%, and 11.1%. The book value per share (BVPS) for 2026 is projected to be RMB 17.1, corresponding to a forecasted price-to-book ratio of approximately 0.64 and 0.4 times for Bank of Chongqing (601963.SH) A-shares and Hong Kong stocks respectively. The bank raised the target price for Bank of Chongqing A-shares from RMB 11.85 to RMB 12.48, maintaining a "Buy" rating; the target price for Bank of Chongqing Hong Kong stocks was also raised from HKD 9.81 to HKD 9.91, with a "Buy" rating, believing that the company's interest margin is stabilizing and high growth in balance sheet expansion continues