Earnings Call: Agricultural Bank of China Reports Stable Growth in Q3

InvestingNov 4 04:24 ET

Citic Sec: The implementation of advanced methods of capital measurement is progressing in an orderly manner. It is recommended to reevaluate the investment value of banks.

From the perspective of investing in the banking sector, the revenue growth rate and profit growth rate of listed banks in the third quarter have both improved, with overall sound asset quality. Currently in the observation period of the macroeconomic policy effects, the subsequent policy support is expected to help alleviate real risks, especially the credit risks of the urban investment and real estate sectors, providing a solid foundation for the stability of the banks' net assets.

Zhitong FinanceNov 3 19:38 ET

Agricultural Bank of China Limited (ACGBY) Q3 2024 Earnings Call Transcript Summary

moomoo AINov 2 04:20 ET · Conference Call

Social security fund heavyweight stocks arrived in the third quarter!

With the completion of the third quarterly report disclosure, the social security fund's holding positions in the third quarter have gradually emerged. According to Wind data, as of the end of the third quarter, the social security fund appeared in the top ten circulating shareholders of 563 listed companies, with a total of 377 stocks held by the social security fund exceeding one billion, accounting for 66.96%. Social security fund's heavyweight in fund is mainly concentrated in the banking, insurance, and other large financial industries. The agricultural bank of china, industrial and commercial bank of china, the people's insurance, bank of communications are the top four holding positions of the social security fund, with holdings valued at 112.901 billion yuan, 76.21 billion yuan, 41.706 billion yuan, and 22.978 billion yuan respectively.

Gelonghui FinanceNov 1 23:13 ET

Minsheng Securities: In the third quarter of 2024, the performance growth rate of the six major state-owned industries has marginally improved, and the asset quality remains stable.

In the third quarter of 2024, the six major banks' overall operations are stable, with the asset scale steadily expanding, and the asset quality maintained at a reasonable level.

Zhitong FinanceNov 1 03:20 ET

HK Stock Market Update | Agricultural Bank of China (01288) rises more than 3%, with third-quarter revenue and profit growth exceeding market expectations.

Agricultural Bank of China (01288) rose more than 3%, as of the time of publication, up 2.62%, closing at 3.92 Hong Kong dollars, with a turnover of 0.227 billion Hong Kong dollars.

Zhitong FinanceOct 31 22:13 ET