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[Hong Kong Stock Connect] Postal Savings Bank of China (01658) rose by 12.69%. DBS expects that there is a seventy to eighty percent chance that its stock price will rise in the next 30 days.
Jingu Financial News | Postal Savings Bank of China (01658) saw a rise in morning stock price, then maintained at a high level. As of the time of publication, it was reported at HK$5.23, up 12.69%, with a turnover of 1.696 billion Hong Kong dollars. On the news front, Morgan Stanley's research reports indicated that the agency fee rate of Postal Savings Bank of China has been reduced by 16 basis points, a larger scale than expected. In addition to the flexibility to negotiate fees in the future, significant costs should be saved. According to calculations for 2023, it could save approximately 15 billion RMB, or 13% of the full year's post-tax profit in 2023. Furthermore, the bank's competitive advantage in rural markets results in better net interest margin management, which should help support.
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Postal Savings Bank of China (01658) plans to distribute a cash dividend of 1.477 yuan per 10 shares for the 2024 interim period.
Postal Savings Bank of China (01658) issued an announcement, the bank plans to use a total share capital of 99.161 billion shares of common stock as the base, to equity...
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