$Ping An Bank (000001.SZ)$ A little abnormal, as it hit into higher low before and supposed trending up, somehow it drops thereafter everyday, albeit performance not bad supposedly... manipulation... unpredictable for the chives lolz

The one-year deposit rate was cut for the first time in a year, with more significant reductions in long-term rates.
All 12 national joint-stock banks completed this round of deposit rate cuts.
The reduction in long-term deposit rates was more substantial, with two-year, three-year, and five-year fixed deposit rates generally cut by 0.2 percentage points. Ping An Bank reduced its two-year fixed deposit rate by 0.3%.
Man...

Analysts have turned bearish on Ping An Bank's prospects, slashing revenue and EPS estimates. However, the unchanged price target suggests they don't see a significant impact on its intrinsic value. The anticipated business downturn this year could deter investors.

Many expected China to overtake America as the world's biggest economy sometime around the start of the next decade. But that's looking more and more like a pipe dream, especially after the US widened its lead last year.
The American economy grew by 6.3% in nominal terms – that is, unadjusted for inflation – in 2023, outmuscling China's 4.6% gain.Consequently, the size of China's economy relative to the US fell to 65%, down from its peak of 75% at the end of 2021....

Despite Ping An Bank's robust EPS and revenue growth, its share price plunge is seen as potentially unwarranted. However, speculations of past over-hype and an identified warning sign should prompt investors' scrutiny.