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Bank of America Securities: Maintaining the “Buy” Rating of Rural Commercial Banks in Chongqing and Lowering the Target Price to HK$3.4
Bank of America Securities released a research report stating that it maintains the “buy” rating of Chongqing Rural Commercial Bank (03618), believes that the valuation is attractive and the dividend rate is high (9.3%). Furthermore, the company's overall performance in fiscal year 2024 is expected to be better than the first quarter, but there are still challenges. Based on the continuing operating challenges of CNBC, its profit forecast for the 2024-2026 fiscal year was lowered by 5% to 7%, and the target price was lowered from HK$4 to HK$3.4. The bank estimates that the company's profit for the first quarter was weak, and the increase in net profit recorded a year-on-year decline in units, mainly due to a one-time recovery of bad loans from a customer, which caused impairment loss/credit costs in the first quarter of last year
Bank of America Securities: Maintaining the Chongqing Rural Commercial Bank (03618) “Buy” Rating and Lowering the Target Price to HK$3.4
Bank of America Securities lowered the profit forecast for Chongqing Rural Commercial Bank (03618) for the 2024-2026 fiscal year by 5% to 7%.
Chongqing Agricultural Commercial Bank (601077.SH) approved to issue financial bonds
According to the Zhitong Finance App, the Chongqing Agricultural Commercial Bank (601077.SH) issued an announcement. The bank recently received the People's Bank of China's “Administrative License Approval Decision” (2024) No. 53). The bank was approved to issue financial bonds in the national interbank market. The balance of financial bonds at the end of 2024 did not exceed 28 billion yuan. Among them, the surviving balance of capital bonds such as Tier 2 capital bonds and unfixed term capital bonds does not exceed 50% of the net amount of core Tier 1 capital. The administrative license is valid until December 31, 2024. During the validity period, the bank can independently choose the installment period. This marshal
Chongqing Rural Commercial Bank (03618.HK) approved to issue financial bonds
Gelonghui, April 19 | Chongqing Rural Commercial Bank (03618.HK) announced that Chongqing Rural Commercial Bank Co., Ltd. (hereinafter referred to as the “Bank”) recently received the People's Bank of China's “Administrative License Approval Decision” (2024) No. 53) and was authorized to issue financial bonds in the national interbank market. The balance of financial bonds at the end of 2024 did not exceed 28 billion yuan. Among them, the surviving balance of capital bonds such as Tier 2 capital bonds and unfixed term capital bonds does not exceed 50% of the net amount of core Tier 1 capital. The administrative license is valid until December 31, 2024, at
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.
Chongqing Rural Commercial Bank (03618.HK) plans to hold a board meeting on April 26 to approve quarterly results
Gelonghui, April 15, 丨 Chongqing Rural Commercial Bank (03618.HK) issued an announcement. The board of directors hereby announces that a board meeting will be held on April 26, 2024 (Friday) to review and approve (including) the unaudited quarterly results of the Bank and its subsidiaries for the three months ended March 31, 2024.
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