Wanlian Securities: The bank's overall profit growth or entry into the bottom zone, and the short-term sector's defensive properties are still quite obvious
Looking back, in high dividend strategies, support factors on the denominator side may have responded a lot, and stability on the molecular side has become the key logic for high-dividend stock selection.
LUZHOU BANK: ANNUAL REPORT 2023
Luzhou Bank Logs 23% Boost in 2023 Profit
Luzhou Bank (HKG:1983) recorded a 23% rise in attributable profit for the year ended Dec. 31, 2023, to 994.2 million yuan from 807.5 million yuan in 2022, a filing posted on the Hong Kong bourse on Ma
Bank of Luzhou (01983) plans to pay a final dividend of 0.9 yuan for every 10 shares
According to Zhitong Finance App, Bank of Luzhou (01983) announced that the company's final cash dividend for the year ended December 31, 2023 was 0.9 yuan for every 10 shares.
Bank of Luzhou (01983.HK): Net profit to mother of 994 million yuan in 2023 increased 23.12% year-on-year
Gelonghui March 22丨Bank of Luzhou (01983.HK) announced the 2023 annual results announcement. The Bank's revenue in 2023 was 4.77 billion yuan (RMB, same below), an increase of 868 million yuan over the previous year, an increase of 22.25%. Net interest income accounted for 64.74%, down 18.76 percentage points from the previous year. Net non-interest income was $1,682 million, accounting for 35.26%. The Bank's net interest income in 2023 was $3,088 billion, down 170 million yuan from the previous year, or 5.21%, mainly due to a decrease in the average return on interest-bearing assets. Belongs to the Bank
LUZHOU BANK: 2023 ANNUAL RESULTS ANNOUNCEMENT
Bank of Luzhou (01983.HK): Proposed issuance of capital supplementary bonds
Gelonghui, March 22 | Bank of Luzhou (01983.HK) issued an announcement. In line with the Bank's urgent demand for capital for business development and the Bank's 2020 RMB 1.7 billion unfixed capital bonds and 2020 RMB 1.5 billion second-tier capital bonds to be redeemed in 2025, in order to meet the capital requirements to support the Bank's various business development, the board of directors proposed issuing a number of capital supplement bonds between 2024 and 2025, including a proposal to issue no more than RMB 1 billion of unfixed term capital bonds in 2024. Issuance of no more than RMB in 2025
Bank of Luzhou (01983.HK) will hold a board meeting on March 22 to approve the annual results
Gelonghui March 12 | Bank of Luzhou (01983.HK) announced that the company will hold a board meeting on March 22, 2024 to approve the company's results for the year ended December 31, 2023 and consider declaring a final dividend (if any).
LUZHOU BANK: NOTICE OF BOARD MEETING
Changes in Hong Kong stocks | Bank of Luzhou (01983) surged by more than 14%, social finance credit got off to a good start, and institutions continue to be optimistic about bank allocation values
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.
Galaxy Securities: Strong policies, steady expectations, continuing to be optimistic about the allocation value of the banking sector
The Zhitong Finance App learned that Galaxy Securities released a research report saying that 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.
China Investment Securities: How will the LPR cut affect banks?
The Zhitong Finance App learned that SDIC Securities released a research report stating that the impact of the current LPR cut on bank stocks is neutral.
Bank of Luzhou (01983.HK) sells debt-owed assets
Gelonghui, January 30 | Bank of Luzhou (01983.HK) announced that since the disposal of debt-owed assets is conducive to reducing the use of capital by inefficient assets, optimizing the asset structure, and speeding up asset turnover, the bank plans to sell the debt-backed assets. The public listing and bidding process has been completed, and Fufa Group has invested in debt-free assets at a transaction price of RMB 580 million. On December 27, 2023, the bank (as the seller) signed an asset transfer agreement with Fufa Group (as the buyer). According to this, subject to the terms and conditions contained in the asset transfer agreement, the bank agreed to sell, while Fufa Group agreed to pay RMB 580 million
Ministry of Finance: The total profit of state-owned enterprises in 2023 was 4633.28 billion yuan, up 7.4% year-on-year
From January to December, the main efficiency indicators of state-owned and state-owned enterprises across the country continued to grow steadily, and the upward trend was further consolidated.
BCG: Banking sector's valuation may increase by $7 trillion within five years
The Boston Consulting Group (BCG) said in a report Monday that if global banks take significant steps to boost growth and increase productivity, their valuation will increase by a total of 7 trillion US dollars over the next five years.
PBOC's Decision to Hold Rates Reflects Concerns About Bank Profitability
China's central bank decision to keep key interest rates unchanged despite strong deflation pressure reflects Beijing's concerns about banks profitability, ANZ Research economists Zhaopeng Xing and Ra
Zhongtai Securities: Defensive attributes continue, the banking sector gains relative gains
Zhongtai Securities released a research report saying that the economy determines banks' stock selection logic, and the recovery of weak and strong economies corresponds to different target varieties.
CITIC Securities: The core logic of banks in 2024 is the increase in valuations under weak economic recovery in the transition year
The Zhitong Finance app learned that CITIC Securities released a research report saying that as far as bank sector investment is concerned, the core logic of the industry in 2024 is valuation increases under the weak economic recovery in the transition year. Under the combined effects of underperformance and valuation bottom-line, it is recommended to focus on valuation improvements brought about by economic recovery trends.
CITIC Construction Investment's 24-year outlook for the banking industry: three-bottom resonance promotes sector valuation restoration
CITIC Construction Investment released a research report saying that for a complete round of banking sector market conditions, it is necessary to experience the three key points of policy bottom, economic bottom, and performance bottom in sequence. The sector's performance characteristics will change markedly before and after the three major points.
Guangfa Securities: Q4 focuses on the phased opportunities of urban commercial banks and the high dividend logic, which is expected to restart in the first half of next year
The Zhitong Finance app learned that Guangfa Securities released a research report saying that Q4 focuses on phased opportunities for urban commercial banks, and the logic of high dividends is expected to restart in the first half of next year.
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