Morgan Stanley raises target for CM Bank stock to HKD 61.50

Published on 10/16/2026 at 15:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 operating income rose 4.83 percent to RMB 178.181 billion. CM Bank stock costs EUR 6.03 on October 16, 2026 at 3:07 p.m. CEST.

Analyst view and valuation

Morgan Stanley lifted its China Merchants Bank target to HKD 61.50 on October 9, 2026.
Operating income reached RMB 178.181 billion in the first half of 2026, up 4.83 percent year over year.
CM Bank stock costs EUR 6.03 at Lang & Schwarz on October 16, 2026 at 3:07 p.m. CEST.
China Merchants Bank had a P/E ratio of 7.27 and a market capitalization of HKD 1.3 trillion on October 16, 2026.

CM Bank, CNE1000002M1, Illustration mit AI erstellt.

On October 9, 2026, Morgan Stanley raised its target for CM Bank to HKD 61.50, according to Moomoo. The target lies 15.49 percent above the Hong Kong price of HKD 53.25 on October 16, 2026. CM Bank was trading at EUR 6.03 at Lang & Schwarz on October 16, 2026 at 3:07 p.m. CEST.

First-half income rose 4.83 percent

China Merchants Bank reported operating income of RMB 178.181 billion for the first half of 2026, an increase of 4.83 percent from the same period a year earlier. Net profit attributable to shareholders reached RMB 76.445 billion, up 2.02 percent year over year, according to Futunn.

CM Bank remains near its yearly high

The Hong Kong-listed stock last stood at HKD 53.25 on October 16, 2026 at 4:08 p.m. HKT. Its 52-week range was HKD 43.34 to HKD 54.25, putting the latest price 1.84 percent below the high. Trading volume reached 9,119,209 shares against an average of 10,663,742 shares.

Valuation stays below ten times earnings

China Merchants Bank had a market capitalization of HKD 1.3 trillion and a P/E ratio of 7.27 on October 16, 2026. The valuation sits below the multiples of the two large Hong Kong-listed peers used in the comparison below. The bank's first-half net interest margin was 1.83 percent, down 5 basis points from a year earlier, while wealth-management fees and commissions rose 26.53 percent to RMB 16.192 billion.

Comparison with peers

China Merchants Bank (HKEX, HKD): minus 1.30 percent, P/E 7.27, market capitalization HKD 1.3 trillion
China Construction Bank (HKEX, HKD): minus 1.10 percent, P/E 8.74, market capitalization HKD 2.4 trillion
Bank of China (HKEX, HKD): minus 0.32 percent, P/E 8.44, market capitalization HKD 2.6 trillion

Euro quote for German investors

The euro quote was EUR 6.03 at Lang & Schwarz on October 16, 2026 at 3:07 p.m. CEST. The Hong Kong listing had closed at HKD 53.25 on October 16, 2026 at 4:08 p.m. HKT.

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