[ET Net News Agency, 22 December 2023] UBS lowered its target price for CM Bank (03968)
to HKD25.6 from HKD45.5 and downgraded its rating to "neutral" from "buy".
The research house said it lowers forecast for CM Bank's 2024E earnings growth from
10.1% to 7.0%, as it is concerned about the bank's retail business outlook. (RC)