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Orient Securities: Under the guidance of a smooth investment pace, bank credit investment is expected to increase year-on-year in the second quarter
The Zhitong Finance App learned that Orient Securities released a research report saying that looking ahead to the fundamentals of listed banks in the second quarter, and guided by a smooth investment pace, Q2 credit investment is expected to increase year-on-year. The pressure on interest spreads is expected to weaken marginally, and it is expected that interest rates on newly issued loans will stabilize in Q2-Q3. Asset quality is stable overall, but poor forward-looking indicators are rising marginally, so we need to pay attention to the limited room for credit costs to decline. Operating pressure is expected to slow down in the second quarter, and the revenue structure may improve. 1) The pressure to narrow interest spreads has weakened, and combined credit investment may increase year-on-year. The growth rate of net interest income in the second quarter is expected to rise marginally. 2) Net processing fee revenue is expected to continue
Everbright Securities: Before the spread returned to the average, the banking sector was still very attractive in terms of allocation
The Zhitong Finance App learned that Everbright Securities released a research report saying that in the context of the “asset shortage” pressure, the difference between the dividend rate of A-share listed banks and the yield of 10Y treasury bonds is still at an all-time high. Currently, the dividend rates of major A-share banks are generally between 5% and 6%. Before the spread returned to the average, the banking sector was still highly attractive as a “fixed income” type with steady profit growth, high dividend rates, and low valuation fluctuations. Recommended investment targets: ① Small and medium-sized banks in Jiangsu and Zhejiang regions with good regional economic growth, strong epitaxial expansion capacity, and rapid profit growth are recommended to focus on Suzhou (002966.SZ)
Bank of Hangzhou (600926.SH): Approved to issue financial bonds
Gelonghui, April 19 | Bank of Hangzhou (600926.SH) announced that the company recently received approval from the People's Bank of China to allow the company to issue financial bonds. According to the “Decision of the People's Bank of China on Administrative Licensing” (Bank License Approval Letter (2024) No. 50), the company was approved to issue financial bonds in the national interbank market and overseas markets. The additional balance of financial bonds in 2024 will not exceed 5 billion yuan. The administrative license is valid until December 31, 2024. During the validity period, the company can independently choose the installment period.
Orient Securities: Bank operating fundamentals are expected to bottom up in 2024 and continue to be optimistic about bank stock performance
As of the end of '23, the cumulative year-on-year growth rates of revenue, profit before provision, and net profit to mother of the 21 A-share listed banks that have disclosed their annual reports remained flat and changed by 0.6 pct and -1.1 pct, respectively, compared to 23Q3.
Bank of Hangzhou (SHSE:600926) Shareholders Have Endured a 27% Loss From Investing in the Stock Three Years Ago
While not a mind-blowing move, it is good to see that the Bank of Hangzhou Co., Ltd. (SHSE:600926) share price has gained 11% in the last three months. But that doesn't change the fact that the ret
GF Securities: Finding the bottom of banking performance growth in the context of narrowing interest spreads, follow up on fiscal strength and debt costs
At this stage, bank stocks place more emphasis on stable asset quality and future profit expectations. It is recommended to focus on stock banks and regional banks with a lot of early adjustments, excellent asset quality, and sustainable endogenous capital.
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