BANK OF COMMUNICATIONS(3328.HK):IN-LINE 1H19 RESULTS;UPGRADE TO BUY ON VALUATION
招商证券(香港)有限公司2019-08-29
1H19 results in line; ordinary shareholders’ net profit up 5.0% YoY Loan quality stable except for credit card business Upgrade to BUY on valuation; revised TP down from HK$7.1 to HK$6.6 on RMB’s depreciation