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2007/10/26 15:37 (Infocast News) Credit Suisse has raised its estimates on ICBC's (1398) EPS for 2007-2009 by 11-13% and raised its target price for the bank after the bank announced solid results for the third quarter this year. The results were supported by better balance sheet growth and strong fee growth. Credit Suisse expects ICBC to record EPS of $0.24 and net profit of $79.888 billion in 2007 and EPS of $0.29 and net profit of $98.223 billion in 2008. On ICBC's acquisition of a stake in South Africa's Standard Bank Group, Credit Suisse estimates that without synergies, the transaction will be earnings accretive to ICBC by 2.26% for 2008 and by 2.73% for 2009. The brokerage firm has raised its target price for the stock from $5.17 to $7.09 and maintained its "Outperform" rating for the stock. |
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| aus der Diskussion: | ICBC -weltgrößtes IPO aller Zeiten- |
| Autor (Datum des Eintrages): | MKStar (29.10.07 08:58:31) |
| Beitrag: | 56 von 62 (ID:32183548) |
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