Brokerage morning meeting highlights: The industry allocation recommendations for April should focus on two main lines.

At today's Brokerage morning meeting, Galaxy Securities stated that the characteristics of a short-term structural economic recovery remain evident, with industries related to new productive forces performing better; HTSC believes that increased investment in global AI computing power is expected to drive the performance of businesses in sectors such as Optical Communications to remain positive; China Securities Co., Ltd. suggested that the industry allocation recommendations for April should focus on two main lines.

cls.cn20:46 ET

It is the "last day" for Consumer loan interest rates below 3%, and many Banks are still rushing to attract customers, fearing increased pressure on future lending.

① Many Banks are promoting a slogan "Last Day of Low Interest Rates", urging customers to quickly check their limits and receive interest rate coupons for withdrawals; ② Several Banks' Crediting personnel are concerned that an increase in Consumer loan rates may lead to a decrease in interest, continuing to increase lending pressure.

cls.cn20:08 ET

Agricultural Bank of China Reports Strong Earnings Call

TipRanks20:06 ET

Bank of America Securities: Agricultural Bank Of China’s profit growth and provisions coverage ratio lead the industry, reiterating the "Buy" rating.

Bank of America Securities released a Research Report stating that Agricultural Bank Of China (01288) is expected to see a 4.7% year-on-year increase in net profit in 2024, reaching 282.1 billion yuan, which is 3.8% higher than the bank's previous forecast. The dividend per share is projected to grow 4.8% year-on-year to 24.2 cents, with the Listed in Hong Kong dividend ROI reaching 5.5%. Considering that Agricultural Bank performs better than its peers in terms of profit growth and provision coverage ratio, Bank of America Securities reaffirms a Buy rating for the bank and raises the profit forecast for 2025 to 2026 by 0% to 4%, while lowering the cost of equity (COE) forecast by 50 basis points to 14%.

Sina Hong Kong StocksMar 31 03:54 ET

Agricultural Bank of China Logs Higher Profit, Revenue in 2024

MT NewswiresMar 30 23:28 ET

[Brokerage Focus] Citi: The large state-owned banks' private placement of A-shares helps alleviate net interest margin pressure, but is more Bullish on joint-stock banks.

Jinwu Financial News | Citigroup's Research Reports indicate that the Private Placement of shares by Bank Of China (03988), Postal Savings Bank Of China (01658), China Construction Bank Corporation (00939), and Bank Of Communications (03328) will help alleviate net interest margin pressure and restore lending capacity. This round of Refinancing will respectively raise the core Tier 1 capital adequacy ratios (CET1) of CCB, BOC, PSBC, and BOCOM to 15%, 13.1%, 11.5%, and 11.1%, and will dilute the existing Shareholders' equity to 4.3%, 8.5%, 15.6%, and 17.2%, but will only affect the dividend yield starting from 2025.

Jinwu Financial NewsMar 30 22:55 ET