Morgan Stanley lifted China Merchants Bank stock target to HKD 61.50

Published on 10/14/2026 at 12:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net profit rose 2.02 percent to CNY 76.45 billion. China Merchants Bank stock stood at EUR 6.09 on October 14, 2026.

Target increase and interim results

Morgan Stanley lifted the China Merchants Bank target to HKD 61.50 on October 9, 2026.
First-half net profit attributable to shareholders reached CNY 76.45 billion, up 2.02 percent.
CM Bank stock traded at EUR 6.09 at 12:41 p.m. CEST at Lang & Schwarz on October 14, 2026.
Third-quarter results are listed for October 23, 2026.

CM Bank, CNE1000002M1, Illustration mit AI erstellt.

CM Bank stock (ISIN CNE1000002M1) was trading at EUR 6.09 at Lang & Schwarz on October 14, 2026 at 12:41 p.m. CEST. Morgan Stanley lifted its target for China Merchants Bank to HKD 61.50 on October 9, 2026, according to Zhitong Finance.

Three dated developments

On August 28, 2026, China Merchants Bank released its semi-annual report. Operating income reached CNY 178.18 billion in the first half of 2026, up 4.83 percent year over year, while net profit attributable to shareholders reached CNY 76.45 billion, up 2.02 percent, according to Futu. On September 22, 2026, the same review reported a net interest margin of 1.83 percent, down 5 basis points year over year, and a non-performing loan ratio of 0.94 percent.

On October 9, 2026, Morgan Stanley raised its target for the Hong Kong-listed bank by 1.80 percent to HKD 61.50. The report linked the change to earlier-than-expected net interest margin improvement, steady fee income and expected declines in credit costs.

What changed in the first half?

Wealth management fees and commissions increased 26.53 percent year over year to CNY 16.19 billion in the first half of 2026, helping lift non-interest income. Net fee and commission income reached CNY 39.86 billion, up 5.99 percent, according to Futu.

The operating mix also shows the trade-off behind the target increase. Corporate loan balances rose 9.08 percent from year-end, while retail loan balances declined 1.08 percent. The overall non-performing loan ratio stayed at 0.94 percent, but retail loan quality weakened, with the retail non-performing loan ratio rising to 1.16 percent.

Next reporting date

A market calendar lists October 23, 2026 for China Merchants Bank's third-quarter reporting event, with an estimated CNY 87.82 billion in revenue and CNY 1.63 in earnings per share, according to Eulerpool. The figures are estimates rather than reported third-quarter results.

Price and market setting

China Merchants Bank's H-share quote was last at HKD 53.55 on HKEX on October 14, 2026 at 4:08 p.m. HKT. The 52-week HKEX range was HKD 43.34 to HKD 54.25, placing the quote near the upper end of that range.

The further course of trading is shown by the continuously updated real-time quote of CM Bank stock.