BofAS Raises CICC (03908.HK) Price Target to $25.9, Maintains Buy Rating
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 01 2025
0mins
Source: aastocks
CICC Financial Performance
- Net Profit Surge: CICC reported a remarkable 94% year-over-year increase in net profit for the first half of 2025, reaching RMB4.3 billion, exceeding the upper limit of its previous profit forecast by approximately 9%.
- Second Quarter Growth: The profit for the second quarter of 2025 saw an impressive 131% year-over-year growth, amounting to RMB2.3 billion.
Market Outlook and Forecasts
- Underwriting Fees Projection: BofA Securities anticipates that CICC's underwriting fees in Hong Kong will increase by 86% year-over-year, contributing to over 30% of the total underwriting fees.
- Offshore Business Growth: The broker expects the growth momentum of CICC's offshore business to remain strong in the second half of 2025.
Analyst Ratings and Price Target
- Earnings Per Share Adjustment: BofA raised its earnings per share (EPS) forecast for CICC by 2% for 2025.
- Target Price Increase: The target price for CICC was adjusted from HKD25.7 to HKD25.9, while maintaining a Buy rating on the stock.
Additional Market Context
- Short Selling Data: As of September 1, 2025, CICC experienced short selling amounting to $17.89 million, with a short selling ratio of 3.154%.
- Valuation Insights: JPMorgan noted that the valuations of Chinese brokers remain significantly below their 2015 peak, with CICC and HTSC identified as top picks.
Analyst Views on 03908
Wall Street analysts forecast 03908 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 03908 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 21.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
