Zhi Tong Cai Jing·2025-11-04 06:26Core Viewpoint - Agricultural Bank of China (601288) reported a year-on-year revenue growth of 2% and a net profit increase of 3.3% for the first three quarters of 2025, aligning with expectations, leading to an upgrade in valuation by CICC [1] Financial Performance - Revenue growth of 2% year-on-year for the first three quarters of 2025 [1] - Net profit growth of 3.3% year-on-year for the same period [1] Analyst Ratings and Price Targets - CICC maintains an "outperform" rating for Agricultural Bank of China [1] - Target price for A-shares raised by 14.9% to 8.87 RMB, reflecting a price-to-book ratio of 1.1 times for 2025 and 1 time for 2026, with a 10% upside potential [1] - Target price for H-shares also raised by 14.7% to 6.62 HKD, indicating a price-to-book ratio of 0.8 times for 2025 and 0.7 times for 2026, with a 10% upside potential [1]