Bank of Luzhou (01983) surged more than 14%. As of press release, it rose 14.29% to HK$2.08, with a turnover of HK$2.29 million.
The Zhitong Finance App learned that Bank of Luzhou (01983) surged more than 14%. As of press release, it had risen 14.29% to HK$2.08, with a turnover of HK$2.29 million.
Galaxy Securities pointed out that corporate bonds and off-balance sheet financing drove a high increase in social finance in January. The scale of credit investment was at the second highest point in history. Note impulse was drastically reduced, and the favorable credit performance far exceeded expectations, and quantitative price compensation is expected to continue. Interest rate cuts put pressure on asset-side earnings in the short term, but from a medium- to long-term perspective, they are beneficial to investment and consumption, promote economic growth and the steady and healthy development of the real estate market, and help improve the bank's business environment and mitigate adverse risks. The bank believes that the steady growth policy orientation has not changed, the probability of economic stabilization has increased, which is beneficial to the restoration of bank fundamentals. The superimposed valuation is at a historically low level, has outstanding cost performance, and continues to be optimistic about the allocation value of the banking sector.