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.

Gelonghui FinanceApr 26 06:10 ET

Huafu Securities: Mid-term mining shortage is difficult to ease long-term copper prices still have upward momentum

On the supply side, the tight supply situation on the mining side has not abated. As of April 19, domestic spot copper refining and processing costs were 3.4 US dollars/ton; on the demand side, due to high copper prices, market consumption was sluggish, and shipments in many regions were lower than normal.

Zhitong FinanceApr 26 02:14 ET

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

Zhitong FinanceApr 25 23:46 ET

[Broker Focus] CMB International maintains Ping An China (02318) “buy” rating indicating that the value of the new life insurance and health insurance business exceeds expectations

Jinwu Financial News | CMB International said that the first quarter results of Ping An of China (02318) showed the growth resilience of its main business segments in life insurance, financial insurance and banking. The value of the new life insurance and health insurance business increased 20.7% year over year to $12.89 billion under a comparable scale, exceeding market expectations and better than the bank's forecast of achieving medium double digit year-on-year growth. According to the bank, the company's stock price is currently at 0.47 times FY24EP/EV and 0.71 times FY24E net market ratio. The steady upward trend in stock prices in the future will be affected by: 1) a recovery in market sentiment; 2) a steady recovery in return on asset-side investments; and 3) creditworthiness in housing

金吾財訊Apr 25 02:41 ET

CICC: Life insurance profits may exceed expectations, Chinese life insurance welcomes medium-term investment opportunities

Chinese life insurance currently has medium-term investment opportunities.

Zhitong FinanceApr 25 02:14 ET

[Broker Focus] BOC International maintains China's Ping An (02318) purchase rating indicates that the value rate of the new business exceeds expectations

Jinwu Financial News | According to BOC International Development Research Report, China Ping An (02318)'s profit performance for the first quarter of 2024 was stable on a high basis, and the three core businesses remained stable overall. Operating profit returned to parent fell 3% year on year. The decline was mainly due to the technology, financial insurance and asset management sectors, while life insurance, health insurance, and banks increased slightly year over year. Life and health insurance+financial insurance+banking combined increased 0.3% year over year. According to the bank, the value of the new business has increased significantly, mainly due to an increase in the value ratio. The bank expects that there is still room for optimization of the product structure throughout the year, and the value rate of the new business is expected to continue to increase compared to the first quarter of 2024. Comprehensive financial insurance

金吾財訊Apr 24 20:34 ET