智通财经网·2026-01-15 08:42Group 1 - The core viewpoint of the article is that JPMorgan forecasts a positive revenue growth for CITIC Bank (00998) in 2026, with stable profit growth for the year, reaffirming its "Overweight" rating on the bank's H-shares [1] - Currently, CITIC Bank's H-shares are trading at a forecasted 0.45 times price-to-book ratio for 2026, corresponding to a 9.1% return on equity (ROE) and a 5.9% dividend yield, indicating that the valuation remains relatively attractive [1] - JPMorgan expects a 3% year-on-year growth in net profit for CITIC Bank in 2025, which aligns with its expectations but is 2% higher than market forecasts [1] Group 2 - In the fourth quarter, CITIC Bank's net profit is projected to grow by 3%, while operating profit is expected to exceed expectations with a year-on-year increase of 9%, surpassing both JPMorgan's and market estimates for the fourth quarter by 5% and 2% respectively [1] - The target price for CITIC Bank's H-shares is set at HKD 8.85 [1]