Citi: Raises China Post Bank's target price to HKD 5.42, reflecting potential reduction in deposit agency fees.

Jins Shu data, September 26th, Citibank published a research report stating that it has raised its profit forecast for Postal Savings Bank of China (01658.HK) between 5% and 9% from this year to 2026, reflecting potential reductions of 5 and 10 basis points in deposit agency fees in the next two years. Citibank slightly raised its valuation basis for Postal Savings Bank of China, forecasting the P/B ratio to rise to 0.72 times next year, to reflect reduced operating expenses after the potential reduction in deposit agency fees. Accordingly, the target price of Postal Savings Bank of China has been raised from 4.69 Hong Kong dollars to 5.42 Hong Kong dollars, and a positive catalyst observation will be initiated for the next 30 days.