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Jianyin International: Raises the Target Price of Bank Of Communications to 7.8 HKD, rating "Outperform".
CICC International released a Research Report stating that Bank Of Communications (03328) met performance expectations last year, and capital injection will strengthen the quality of the company's balance sheet, serving as a long-anticipated catalyst for the stock price. The bank raised the Target Price for the company's Listed in Hong Kong from HKD 7.50 to HKD 7.80, maintaining the rating of "Outperform".
Jianyin International: Raises Bank Of Communications (03328) Target Price to HKD 7.8, Rating "Outperform".
The bank stated that the capital injection will strengthen the quality of the company's balance sheet and is a long-awaited catalyst for the stock price.
Bank of Communications Logs 0.9% Rise in 2024 Profit, Revenue
【Brokerage Focus】CITIC SEC: Investment in bank stocks is still driven by the main logic of bullish valuation uplift due to the reevaluation of business models.
Jinwu Financial News | CITIC SEC stated that the Financial Management Bureau has issued a notice on developing consumer finance to boost consumption, which may help various Banks increase the scale and quality of Consumer Crediting, with high-quality retail lending Banks likely benefiting more. In terms of Sector investment, Banks are entering the Earnings Reports season, and investors are focusing on the fundamental elements and profit results of marginal changes. The bank expects that the credit issuance strategy of listed Banks will remain positive in the first quarter of 2025, the pricing of Assets will remain stable, the interest margin will decline as expected but less than anticipated, and the year-on-year decline in net interest income will stabilize; affected by fluctuations in the funding market interest rate, some Banks' non-interest income will experience a quarter-on-quarter change.
Hong Kong Stock Morning Report｜Our country will implement comprehensive measures to expand consumption. Most China Concept Stocks are down.
1. The country will implement comprehensive measures to expand consumption; the new policy on consumer loans allows for the personal consumption loan self-payment cap to be increased from 0.3 million yuan to 0.5 million yuan in stages. 2. Trump and the U.S. Secretary of Defense made speeches stating that Russia and Ukraine will soon achieve a complete ceasefire. 3. The three major U.S. stock indices rose last Friday, while most China Concept Stocks declined. 4. Speculative traders have shifted to Put the dollar for the first time since Trump's victory.
Bank of Communications Co. Reports Stable 2024 Earnings
