REAL-TIME GLOBAL RESEARCH
Bank of Shanghai - A: Model Update
Key takeaways
Price target27
- We update our model to incorporate 3Q26 forecasts.
- We expect 8% y/y revenue growth and 0% y/y profit growth in 3Q26.
- We slightly revise our 2026E/27E/28E net profit assumptions by -0.1%/-0.7%/-0.7%, respectively.
Figures are read from the report's first page; the summary is built from the report's own key-takeaway sentences. No model-generated text.
Research evidence excerpt
We update our model to incorporate 3Q26 forecasts. We expect 8% y/y revenue growth and 0% y/y profit growth in 3Q26. We slightly revise our 2026E/27E/28E net profit assumptions by -0.1%/-0.7%/-0.7%, respectively. Accordingly, we lower our Dec-27 PT by -1.1% to Rmb9.10.
SAC Registration Number: S1730524080002
Sources for: Style Exposure – J.P. Morgan Global Markets Strategy; all other tables are company data and J.P. Morgan estimates.
The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.
Open report viewer