Goldman Sachs names CNY 12.46 target for China Construction Bank stock

Published on 10/20/2026 at 10:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The A-share target is CNY 12.46 in a report dated October 16, 2026. China Construction Bank stock costs EUR 1.11 on October 20, 2026 at Lang & Schwarz.

Target and results timeline

Goldman Sachs assigned a CNY 12.46 target to the A shares in its October 16, 2026 outlook.
China Construction Bank reported CNY 162.638 billion in net profit for the first half of 2026.
China Construction Bank stock traded at EUR 1.11 at 10:02 a.m. CEST at Lang & Schwarz on October 20, 2026.

China Construction Bank, CNE1000002H1, Illustration mit AI erstellt.

China Construction Bank stock (ISIN CNE1000002H1) was trading at EUR 1.11 at Lang & Schwarz on October 20, 2026 at 10:02 a.m. CEST. A report dated October 16, 2026 named a CNY 12.46 target for the bank's A shares, while first-half profit reached CNY 162.638 billion.

Target points to earnings

According to Futunn on October 16, 2026, Goldman Sachs reiterated a Buy view on China Construction Bank and set its A-share target at CNY 12.46. The same report gave an H-share target of HKD 11.21, separating the two listings by currency and market.

The bank's first-half 2026 operating income was CNY 385.905 billion, up 10.48 percent year over year, while net profit rose 5.56 percent to CNY 162.638 billion, according to IT Boltwise on September 29, 2026. The profit increase was slower than the operating-income growth, leaving asset quality and margin stability central to the valuation case.

What supports the target?

Goldman Sachs based its October 16, 2026 view on expected resilience in net interest margins, possible bond-yield gains and clearer shareholder returns. The report projected pre-tax operating profit for covered banks to rise 13 percent year over year in the third quarter of 2026 and net profit after tax to increase 4 percent.

Three dates shape the story

On August 28, 2026, China Construction Bank reported its half-year results for the period ended June 30, with attributable profit of CNY 162.076 billion, as listed by MarketScreener. On September 29, 2026, the bank's half-year report showed CNY 385.905 billion in operating income. On October 16, 2026, the Goldman Sachs outlook put the A-share target at CNY 12.46.

Next reporting date October 31

China Construction Bank is scheduled to publish results for the quarter ended September 30, 2026, on October 31, 2026, according to Finanzen.at on October 16, 2026. That date gives investors a defined checkpoint for testing whether the first-half earnings pattern continued into the third quarter.

Stock price and bank scale

The bank's investor-relations page says it is listed on the Hong Kong Stock Exchange under stock code 939 and on the Shanghai Stock Exchange under stock code 601939. It also reported 785 million personal customers, 12.73 million corporate customers and a market capitalization of USD 265.5 billion at the end of 2025.

China Construction Bank was trading at EUR 1.11 at Lang & Schwarz on October 20, 2026 at 10:02 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of China Construction Bank stock.