Research Reports | Changjiang Securities: Maintains 'Buy' Rating on CM Bank, Internal Growth Crosses the Dividend Era

Changjiang research reports pointed out that endogenous growth is the most significant core competitive advantage for Cm bank (600036.SH) among its peers, with ROA long-term ranking first among listed banks. The advantage of high interest rate differential comes from the ultra-low cost liability structure, with the proportion of current deposits leading its peers, accounting for 55% by the end of 2023. It is believed that Cm bank is an excellent dividend-paying bank stock. With a high ROE, low capital consumption, and medium-to-low-speed asset expansion model, it has formed strong dividend capacity and potential. Among the large banks, it has the strongest capital adequacy ratio, the highest dividend payout ratio, the strongest profitability, and stable growth, with a clear long-term advantage. Currently listed in A-shares.

Gelonghui FinanceJun 13 03:13 ET

Xiandai Investment Issues 1 Billion Yuan Bond

Chinese construction and investment services provider Xiandai Investment (SHE:000900) issued ultra-short-term bonds amounting to 1 billion yuan, the company said in its Tuesday disclosure on the Shenz

MT NewswiresJun 12 00:37 ET

JPMorgan Boosts Stake in Hong Kong-Listed Firms By HK$3.3 Billion

JPMorgan purchased HK$3.3 billion of shares in Hong Kong-listed Chinese companies in just one day, Yicai Global reported Thursday. The US bank increased its stake in China Merchants Bank (HKG:3968, SH

MT NewswiresJun 7 05:44 ET

Guosen Securities (Hong Kong): it is expected that the probability of LPR decline in 2024 is low, and individual stock recommendations include CM Bank and so on.

Guosen Securities (Hong Kong) released a research report stating that the valuation of the banking sector is still at a low level. Quantitative analysis shows that the downward pressure of net interest margin in the second half of the year has decreased, and the subsequent performance growth is expected to be stable, with little downside valuation risk. If the macroeconomic continues to recover, the valuation is expected to be restored, and the industry maintains an 'outperform' rating. In terms of individual stocks, it is recommended to lay out banks with excellent long-term prospects at low valuations, including CM Bank (03968) and Bank of Ningbo (002142.SZ); recommend small rural commercial banks with distinctive features and focusing on small and micro clients, such as Jiangsu Changshu Rural Commercial Bank; recommended attention should be given to stocks with high dividend yields.

新浪港股Jun 6 03:04 ET

Guosen Securities (Hong Kong): Expects a low probability of LPR decline in 2024, recommends individual stocks such as CM Bank (03968).

Zhixun Finance App learned that Guosen Securities (Hong Kong) released a research report stating that the valuation of the banking sector is still low. Quantitative analysis shows that the downward pressure on net interest margin will decrease in the second half of the year, and the subsequent performance growth is expected to be stable, with little downside valuation risk. If the macroeconomy continues to improve, valuations are expected to recover, and the industry maintains an "outperform the market" rating. In terms of individual stocks, first, it is recommended to lay out banks with excellent long-term prospects at low valuations, including CM Bank (03968) and Bank of Ningbo (002142.SZ); second, it is recommended to focus on small and medium-sized micro customers and distinctive small rural commercial banks, such as Jiangsu Changshu Rural Commercial Bank; third,

Zhitong FinanceJun 6 01:56 ET

CM Bank (03968.HK) has received a shareholding of 40,003,800 shares from JPMorgan.

According to the latest equity disclosure from the Stock Exchange of Hong Kong on June 6th, JPMorgan Chase & Co. increased its shareholding in CM Bank (03968.HK) by acquiring 40,003,800 shares at an average price of HKD 35.351 per share on May 30th, 2024, involving about HKD 1.414 billion. After the increase, JPMorgan Chase & Co.'s latest holding position is 302,742,130 shares, and the holding position ratio has increased from 5.72% to 6.59%.

Gelonghui FinanceJun 5 19:12 ET