Morgan Stanley increases its internal bank share target price 13% to 22%

Morgan Stanley published a study to increase the target prices of mainland banking shares between 12.9% and 22.22%, and forecast earnings from 2009 to 11 from 1% to 3% to reflect the high growth in industry loans and the risk reduction factor in asset quality.　　The bank continued to the CCB (000939-HK), ICBC (01398-HK) Overweight rating, the construction Bank target price from 5.14 yuan to 5.88 yuan, ICBC from 4.65 to 5.25 yuan.　　In addition, BOC (03988-HK) and Citic Bank (00998-HK) maintained an overweight rating, while BOC's target price rose to $2.92 to $3.32, and Citic Bank rose from 4 to $4.7.　　As for the 003328-HK and CMB (03968-HK) investment rating for holding, the target price of the bank was raised from 5.85 yuan to 7.05 yuan, and the CMB rose from 11.25 to 13.75 yuan. The report noted that ample liquidity in the market had a positive effect on the domestic bank, supported the pressure on banks to increase lending and ease the quality of assets, and this was in line with the moderately loose monetary policy of the People's Bank.