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China Merchants Bank Co., Ltd. (CIHKY) Q4 2024 Earnings Call Transcript Summary
Goldman Sachs: Assigns a "Buy" rating to CM BANK (03968) with a Target Price of HKD 47.36.
Looking ahead, the bank expects management to guide: 1) Shareholder return plan for 2025; 2) The impact of AI applications on retail Banking Business; 3) Trends in net interest margin and asset quality; 4) The effects of rising Bonds yields.
China Merchants Bank's 2024 Profit Rises 1%
Research Reports Gold Mining丨Guotou Securities: CM BANK's annual profit achieves positive growth, fundamentals perform steadily, Target Price is 55 yuan.
The research report from Guotou Securities indicates that CM BANK (600036.SH) expects a revenue decrease of -0.48% year-on-year in 2024 (with a decrease of -2.91% in the first three quarters of 2024), a pre-provision profit increase of 0.63% year-on-year (with a decrease of -2.66% in the first three quarters of 2024), and a net income increase of 1.22% year-on-year (with a decrease of -0.62% in the first three quarters of 2024). The decline in revenue has narrowed quarter by quarter, and overall profit is expected to achieve positive growth, showing a solid fundamental performance. Looking ahead, as incremental fiscal policies gradually take effect, the economy is likely to stabilize, and the downward pressure on banks' net interest margin will also ease.
The "Banks selling private placements" new regulations must pay attention to these six core impacts, which also involve Famous Fund Hold Position managers "going private."
① New regulations for Banks' agency sales products have been implemented, with private placement becoming the biggest highlight; ② Raising the threshold and standardizing the entire sales process, with the head office being responsible, emphasizing 'strictness'; ③ Protecting investors throughout the process, with older products gradually exiting.
China's NAFMII Accepts Fosun Pharma's Application to Issue Up to 10 Billion Yuan Bonds
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104255742 : but why is it not buying back its own shares?
Mr Worldwide 世界仔 OP 104255742 : debt to equity at 1.3, it has limited room to take on more debt. it is not worth to repurchase its stock which main business is insurance.