美银证券：重申中国光大银行(06818)“跑输大市”评级 目标价降至2.35港元

Core Viewpoint - Bank of America Securities reaffirms "underperform" rating for China Everbright Bank (06818) and lowers earnings per share forecast for the next two years by 9% to 11%, with the target price reduced from HKD 2.45 to HKD 2.35 [1] Financial Performance - The company's net profit for the previous year decreased by 9% to RMB 40.8 billion, primarily due to increased provisions for handling non-performing assets [1] - Provisions for the fourth quarter and the entire year increased by 68% and 3% year-on-year, respectively [1] - The dividend payout ratio increased by 0.3 percentage points to 28.4%, but the final dividend decreased by 8.9% to RMB 0.173 [1]