China Construction Bank stock gains on Daiwa target of HKD 11.05

China Construction Bank stock (ISIN CNE1000002H1) closed at HKD 5.12 in Hong Kong on September 18, 2026, after trading between HKD 5.05 and HKD 5.18. The new analyst target of HKD 11.05 gives the valuation story a clear numerical anchor.

Daiwa sets HKD 11.05 target

According to Sina Finance on September 21, 2026, Daiwa initiated coverage with a Buy rating and a 12-month target price of HKD 11.05. The target is more than twice the September 18 closing level of HKD 5.12, although the comparison describes valuation distance rather than a guaranteed return.

The same report placed China Construction Bank at a price-to-book ratio of 0.58 based on expected 2026 book value and cited a forward dividend yield of 5.1 percent as of mid-September 2026. Daiwa based its target on a 0.63 multiple of forecast 2026 to 2027 book value, making profitability and capital returns the key assumptions behind the valuation case.

Discount remains the central figure

The stock traded at HKD 5.12 on September 18, 2026, while the HKD 11.05 target represented a difference of HKD 5.93. The intraday range of HKD 5.05 to HKD 5.18 shows a narrow HKD 0.13 spread for that completed Hong Kong session.

For investors, the 0.58 price-to-book ratio and 5.1 percent forward dividend yield provide the measurable counterweight to the target discussion. The valuation case depends on the bank sustaining profitability and capital returns, the conditions identified in the September 21, 2026 report.

Stock stays near HKD 5

China Construction Bank stock finished at HKD 5.12 on the Hong Kong Stock Exchange on September 18, 2026. The primary Hong Kong listing trades under ticker 0939 and remains the reference quote for this article.

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