Research Report Nuggets丨Open Source Securities: Maintaining China CITIC Bank's “Buy” Rating, Q1 Business Performance Is Expected to Remain Stable

According to the Open Source Securities Research Report, China CITIC Bank (601998.SH) has relied on the Group's collaborative advantages and focused on customer hierarchical management in recent years, and has had many highlights in terms of asset expansion, cost pressure reduction, and asset quality improvement. Net profit due to mother in 2023 was 67 billion yuan (YoY +7.91%). The growth rate was the second highest among listed stock banks that have disclosed annual reports, showing good growth resilience. Affected by retail risk exposure in the banking sector, China CITIC Bank may increase its provision plan in 2024Q1 to maintain overall stable asset quality, and the annual net profit growth rate is expected to be steady, moderate and positive. It is expected that its Q1 business performance will remain stable.

Gelonghui FinanceApr 18 03:31 ET

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.

Zhitong FinanceApr 17 21:54 ET

China CITIC Bank (00998.HK) plans to hold a board meeting on April 29 to approve the first quarter results

Gelonghui, April 17, 丨 China CITIC Bank (00998.HK) announced that the board of directors will hold a board meeting on April 29, 2024 (Monday) to consider and approve (including other matters) the quarterly results of the Bank and its subsidiaries for the three months ended March 31, 2024.

Gelonghui FinanceApr 17 05:12 ET

中信銀行：董事會會議召開日期

Futu NewsApr 17 05:10 ET · Announcements

China Banks' Profit May Hold Up in 1Q -- Market Talk

0539 GMT - Profits at China banks may hold up in 1Q despite a challenging operating environment leading to subdued revenue generation, says Lawrence Chen, an analyst with CCB International, in a note.

WSJApr 16 01:39 ET

Zhejiang Shibao (01057) signed tripartite and quadripartite supervisory agreements to raise capital

Zhejiang Shibao (01057) issued an announcement according to the China Securities Regulatory Commission's “Approval of Zhejiang Shibao Co., Ltd...

Zhitong FinanceApr 15 05:03 ET