On September 15, CM BANK fell 3.03% in regular trading, trading at 51.15 HKD/share, with turnover of approximately 500 million HKD. The decline came as the entire Hong Kong banking sector faced broad-based selling pressure.
On the macro front, the 10-year US Treasury yield surged to 5.031%, its highest level since 2007. Market expectations for a 25-basis-point Fed rate hike have climbed above 92%, intensifying concerns over the interest rate outlook and triggering a sell-off across HK-listed bank stocks. Among peers, BOC HONG KONG fell 4.29%, HSBC HOLDINGS dropped 2.85%, CCB declined 2.78%, ICBC lost 2.03%, and BANK OF CHINA slipped 1.64%.
Notably, CM BANK's A-share had just reached a 60-day high on September 14, suggesting short-term profit-taking may have compounded the external headwinds. On fundamentals, CM BANK reported first-half revenue growth of 4.83% year-over-year and net profit growth of 2.02%, with net interest margin at 1.83%. Institutional analysts broadly maintain buy ratings, citing stable asset quality and improving ROE trajectory.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)