Deutsche Bank: The pricing of loans in the banking industry in China is becoming more rational, so there is no need to overly worry about net interest margin pressure.
Morgan Stanley pointed out that although the LPR reduction may put pressure on the interest income of the banking industry in China, at the same time, the interest cost paid by banks to depositors is also decreasing, which helps to alleviate the pressure on net interest margin. Morgan Stanley expects that the banking industry will outperform the large cap market in the next 12 months.
Should Income Investors Look At BOC Hong Kong (Holdings) Limited (HKG:2388) Before Its Ex-Dividend?
BOC Hong Kong Records Higher Attributable Profit in H1
2024 Interim Report
Is it urgent enough to reduce the interest rate on existing housing loans? In the first half of the year, the non-performing balance of personal loans in the six major state-owned banks has reached 352 billion yuan, and the non-performing rate has general
In the first half of this year, the total amount of non-performing loans of the six major state-owned banks has reached 352.091 billion yuan, exceeding the 300 billion yuan threshold for the first time. Compared with the data from early 2024 (291.371 billion yuan), it can be calculated that in the first half of the year, the six major state-owned banks added approximately 60.7 billion yuan of non-performing loans. Industry insiders believe that in the current environment, it is not advisable to excessively rely on reducing existing housing loans to play a greater role in promoting consumer spending.
BOC HONG KONG HLDG To Go Ex-Dividend On September 16th, 2024 With 1.46212 USD Dividend Per Share
At least 10 senior executives of listed banks are optimistic. Has the net interest margin really bottomed out? Fitch raised objections: LPR may be further reduced.
In the second quarter of 2024, the net interest margin of commercial banks was 1.54%, showing signs of stopping the decline for the first time. Recently, several listed banks' executives have also publicly stated that there are signs of stabilization or a slowdown in the decline of the net interest margin, injecting a strong boost into the market. Huayu Ratings recently stated, "It is too early to determine whether the net interest margin has bottomed out. The government may further lower the LPR to reduce loan costs.
Market Chatter: BOC Hong Kong Reintroduces Rebates for Home Loans
Many major bank apps have launched the "Existing Home Loan Interest Rate Adjustment" function? In fact, it was introduced last year, and on the eve of the traditional busy season for property sales, the 37.8 trillion silver stock housing loans have once a
①The application port for the adjustment of the existing house loan interest rate was set for the unified adjustment of the existing house loan interest rate last year, not the latest launch. ②Refer to the reduction of existing house loan interest rates in August-September last year, and there is also a possibility of reducing existing house loan interest rates in the future. ③Based on the scale of existing house loans in the second quarter of 2024, which reaches 37.8 trillion yuan, the maximum amount of house loan interest that the residential sector needs to repay each year may be reduced by about 300 billion yuan.
Guosen Securities: The potential bearishness in the banking sector has significantly decreased, and next year is expected to bring a turning point in performance.
The current valuation of the banking sector is at a low level, after experiencing real estate risk exposure and adjustments to existing home loan interest rates, the potential bearishness of the sector has significantly reduced, with lower downside valuation risk.
Minsheng Securities: The overall revenue of the banking sector is still under pressure, while the growth rate of net income attributable to shareholders has returned to normal. The pressure on asset quality may be relieved.
Against the background of the gradual exposure and clearance of real estate risks, concerns about the significant fluctuations in the quality of bank assets have eased, and the valuation of the banking sector is expected to further improve.
Hong Kong Shares Fall, Tracking Wall Street Losses -- Market Talk
The six major state-owned banks led the decline, and the expectation of a rate cut for existing home loans dealt a heavy blow to the banking sector. As the window period for housing policies in September approaches, how should we balance the 200 billion y
①As of the closing, 40 out of 42 listed bank stocks fell. The banking sector led the decline in all sectors, with the six state-owned banks leading the decline in the banking sector; ②Several interviewees told reporters that the decline in bank stocks today is partly due to the increasing expectations of rate cuts for existing home loans in the market; ③Estimates by China International Capital Corporation show that assuming the average mortgage interest rate is reduced by about 60bp, it is estimated to reduce borrowers' interest expenses by approximately 240 billion yuan per year.
Five consecutive days of decline! Hong Kong stocks' mainland banking shares plummeted at high levels, and the net interest margins of the five major banks are all below the warning level.
① China mainland banking stocks in the Hong Kong stock market have plummeted from high levels, what bearish factors are continuing to ferment? ② The net interest margin of the five major banks is below the warning level, what impact will it have on the sector market?
During the first half of the year, while 1,126 bank branches closed, the number of branches for the six major state-owned banks increased slightly by 700, with Agricultural Bank of China alone adding over 800.
According to the data from the semi-annual reports of listed banks, the number of branches of the six state-owned banks is approximately 1.056 million, which has increased by about 700 branches compared to the beginning of the year. According to the data from the official website of the China Banking and Insurance Regulatory Commission, about 1,126 subordinate branches of commercial banks announced closure and cessation of business in the first half of this year, which means that although the state-owned banks are expanding against the trend, the steady contraction of bank branches is still the mainstream.
haitong int'l: Maintains 'Outperform' rating on boc hong kong (02388) with a slightly reduced target price of 24.12 HKD.
Haitong International expects BOCHong Kong (02388) to have earnings per share of 3.37 and 3.12 yuan in the next two years.
The national team did not increase its shareholding in the four major banks, and the semi-annual report revealed that the shareholding ratio remained unchanged. After three consecutive days of sharp decline, how will bank stocks perform in September?
① At the end of August, bank stocks were sold off with a valuation, and the cumulative decline of the big state-owned banks exceeded 7% in three days; ② The semi-annual report revealed that the national team did not increase its shareholding in the four major banks in the first half of the year, but bought shares of China Merchants Bank; ③ Will the adjustment of bank stocks continue? What can be expected in September?
BOC Hong Kong (Holdings) (BNKHF) Gets a Buy From DBS
Banks' stocks are experiencing a "rare" big drop, JPMorgan: There is no reason for it!
JPMorgan believes that the trend of funds flowing into high-yielding stocks will continue, and the performance of bank stocks is not significantly below expectations. The performance growth rate of JPMorgan, Bank of Communications, Ningbo Bank, and China Citic Bank in the first half of 2024 and expected earnings for the fiscal year 2024 are still on track, so there is no need to overly worry about banks reducing dividends due to capital pressure.
CICC: Maintains the 'outperform' rating for BOC Hong Kong, with a target price raised to HKD 29.53.
CICC expects boc hong kong (02388) to effectively utilize capital through dividends, buybacks, or external mergers and acquisitions in the future.
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