＜Research＞UBS Lifts BANKCOMM (03328.HK) TP to $5.95, Rating Neutral

　　UBS released a research report keeping rating at Neutral on BANKCOMM (03328.HK) +0.131 (+2.291%) Short selling $24.54M; Ratio 30.345% , and lifting its target price from $4.7 to $5.95.

　　BANKCOMM's 1Q24 results were better than expected, and its valuation has recovered to a level broadly in line with its SOE peers (2024 PB ratio of 0.43x, compared with the average PB ratio of the major 4 nation-owned banks at 0.43x), UBS said.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-02 12:25.)

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