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G Sachs Slightly Adjusts Profit Forecast, Individual TPs of 4 Major Banks

 Goldman Sachs, in its report, lowered the profit forecast of the four major Chinese banks for 2017-2019 by 1% and adjusted the target prices. Goldman Sachs' latest ratings and target prices of the four major Chinese banks are as follows:

Shares/ Ratings/ Target prices (HK$)
ICBC (01398.HK)  -0.060 (-1.038%)    Short selling $413.39M; Ratio 28.807%   /Buy/6.6
BANK OF CHINA (03988.HK)  -0.020 (-0.498%)    Short selling $298.95M; Ratio 25.059%   /Neutral/4.5
CCB (00939.HK)  -0.050 (-0.744%)    Short selling $126.23M; Ratio 9.409%   /Neutral/7.9->7.7
ABC (01288.HK)  -0.020 (-0.557%)    Short selling $92.51M; Ratio 26.959%   /Conviction Buy/4.7->4.5 

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