CIHKY CHINA MERCHANTS BK
- 23.360
- +1.680+7.75%
CHINA MERCHANTS BK News
Big Bank Rating | Citibank: The “buy” rating given to CMB is still confident that it will achieve positive profit growth this year
According to a report published by Citibank, China Merchants Bank was dragged down by net interest spreads and weak handling fee revenue. Earnings before provision for the first quarter fell 6.1% year-on-year, offsetting the positive impact of steady transaction earnings. During the period, net profit after tax grew less than expected, falling 2% year-on-year to 38.1 billion yuan. Return on assets (ROA) and return on shareholders (ROE) decreased by 15 and 235 basis points, respectively, from year to year to 1.35% and 16.08%, respectively. Citi expects that in the first quarter of this year, its recruitment performance was weaker than expected, and revenue and profit growth were lower than those of its peers, and its stock price would react negatively. CMB H shares have increased by about 25.7% year to date.
招商銀行：二〇二四年第一季度報告
Changes in Hong Kong stocks | Bank of China (03988) rose more than 4%, leading the bank's dividend spread under pressure, no change in management resilience, market style still favors dividend strategy
Domestic bank stocks showed strong performance. As of press release, Bank of China (03988) rose 4.05% to HK$3.6; Bank of Communications (03328) rose 3.53% to HK$5.58; China Merchants Bank (03968) rose 2.92% to HK$35.2; and CCB (00939) rose 2.01% to HK$5.07.
North and South Water | Rare! Nanshui Net bought 22.4 billion A shares, bucking the trend and reducing bank stock positions; Beishui continued to increase its holdings at the Bank of China and the Hong Kong Stock Exchange
Northbound's net purchase of A-shares was $22.4 billion, and Southbound's net purchase of Hong Kong shares was HK$1,174 billion.
GF Securities: 24Q1 fund allocation bank ratio rebounded, focus on recovering related banks
The Zhitong Finance App learned that Guangfa Securities released a research report saying that 24Q1Wind all fell 2.8%, the banking sector rose 10.8%, and the urban commercial banks rose 13.7%. The overall performance of the banking sector was significantly better than the entire market. The market chose urban commercial banks whose fundamentals are directly related to the decline in interest rates based on the logic of weak expectations and the decline in interest rates. However, reliance on financial market investment is a double-edged sword. A downturn in the economy (interest rates) will increase investment returns, while an increase in the economy (interest rates) will cause losses. Judging from historical experience, when the economy shows signs of stabilization, the trend of interest rates on treasury bonds in the market will rebound, because
[Broker Focus] BOC International says the banking sector's net interest spreads in 2024 are still under downward pressure
Jinwu Financial News | According to BOC International Development Research Report, judging from the profit growth rate, the combined profits of state-owned banks and stock banks that have announced results increased 0.6% year on year, down 6.4 percentage points from 2022. Judging from profit drivers, the profit growth of listed banks in 2023 is mainly due to scale contributions and provision contributions. In addition, investment income and income tax contributed positively to profits, but falling interest spreads, falling net income from handling fees and commissions, and costs and expenses dragged down profit growth. The bank expects net interest spreads to continue to fall in 2024. The exact amount of decline still depends on whether interest rate cuts will occur in the future, if not within the year
Nomura Adjusts China Merchants Bank's Price Target to HK$40.01 From HK$36.44, Keeps at Buy
01:37 AM EDT, 04/19/2024 (MT Newswires) -- Nomura Adjusts China Merchants Bank's Price Target to HK$40.01 From HK$36.44, Keeps at Buy
Zhaojin Mining plans to issue the second ultra-short-term financing note in 2024
Zhaojin Mining (01818) announced the 2024 second ultra-short-term financing note issuance plan. The current issue amount is 1 billion yuan, and the issuance period is 60 days. China Everbright Bank Co., Ltd. is the lead underwriter and bookkeeping manager for this issue. China Merchants Bank Co., Ltd. is the co-lead underwriter for this issue.
招商銀行：年度報告2023
Changes in Hong Kong stocks | China Merchants Bank (03968) rose more than 4%, leading the profit stability of the domestic bank stocks and banking industry will gradually reflect that the increase in dividend rates is conducive to higher valuations
Domestic bank stocks generally rose in early trading. As of press release, China Merchants Bank (03968) rose 3.62% to HK$32.9; China Everbright Bank (06818) rose 2.21% to HK$2.31; Bank of Communications (03328) rose 2.5% to HK$5.33; and CCB (00939) rose 2.09 to HK$4.88.
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.
China Merchants Bank (03968.HK) plans to hold a board meeting on April 29 to approve the first quarter results
Gelonghui, April 17, 丨 China Merchants Bank (03968.HK) issued an announcement. The board of directors hereby announces that a board meeting will be held on April 29, 2024 (Monday) to review and approve the publication of the company's first quarter results announcement for the three months ended March 31, 2024.
招商銀行：董事會會議召開日期
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.
Master Lu (03601) subscribed to a structured deposit product worth 40 million yuan
Master Lu (03601) issued an announcement. I hereby refer to the announcement to subscribe to China Merchants Bank for original structured deposit products. In this announcement...
Columbotai Bio-B Announces Structured Deposit Subscription
Columbotai Bio-B (06990) announced that on February 2, 2024 and April 11, 2024, the company signed the Bank of Chengdu Structured Deposit Agreement I and the Bank of Chengdu Structured Deposit Agreement II respectively. Based on this, the company agreed to subscribe to the Bank of Chengdu for two structured deposits with principal amounts of RMB 100 million and RMB 100 million respectively. As of the date of this announcement, the total outstanding principal amount of structured deposits acquired from Bank of Chengdu was RMB 200 million. On February 21, 2024, March 11, 2024, and April 11, 2024, the company also established separate structures for China Merchants Bank
Columbotai Bio-B (06990): Subscription for structured deposits
Colombotai Bio-B (06990) issued announcements on February 2, 2024 and April 11, 2024...
A wholly-owned subsidiary of Huaneng International Power Co., Ltd. completed the issuance of 600 million yuan of ultra-short-term financing notes (science and technology innovation notes)
Huaneng International Power Co., Ltd. (00902) announced that Huaneng International Power Jiangsu Energy Development Co., Ltd., a wholly-owned subsidiary of the company, has recently completed the issuance of Huaneng International Power Jiangsu Energy Development Co., Ltd.'s third ultra-short-term financing notes (science and technology innovation notes) in 2024. The issuance amount of the current bond is 600 million yuan, the term is 37 days, the unit face value is 100 yuan, and the issuance interest rate is 1.90%. China Merchants Bank Co., Ltd. organized an underwriting group with China Merchants Bank Co., Ltd. as the lead underwriter to publicly issue the bonds in the national interbank bond market through centralized bookkeeping, filing, and centralized placement. Current bond fund-raising
[Hong Kong Stock Connect] China Merchants Bank (03968) will no longer release new three-year or five-year large-value deposit products
Jinwu Financial News | According to reports, we learned from the account manager of China Merchants Bank (03968) that currently the bank is no longer issuing new three-year or five-year large deposit product quotas. Some financial consumers are wondering why China Merchants Bank is not adding new quotas? In response, China Merchants Bank said that at present, customers are more willing to deposit, and the bank's liquidity is relatively abundant, but asset-side investment is relatively weak. Under such circumstances, medium- to long-term term deposits or deposit cards with high pressure reduction costs can better manage net interest spreads, such as controlling large deposit account amounts with a period of three years or more with high capital costs. Currently, it may only be a temporary suspension. Bank pressure reduction is a medium- to long-term agreement where the cost of reducing bank pressure is high
Guoxin Securities (Hong Kong): High dividend strategies will continue to spread to small and medium-sized banks with sound fundamentals
Market expectations for policies and the economy will change in a favorable direction in the second quarter, but it will not be an environment for strong recovery. Guoxin Securities (Hong Kong) anticipates that the investment style will tend to be balanced, and that high-dividend individual stocks will continue to attract long-term, low-risk capital.
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