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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.
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.
Citigroup: Short-term preference for CM BANK. If the six major domestic banks are overly adjusted, there will be absorption opportunities.
Citigroup released a Research Report stating that the year-on-year decline in pre-provision Operating income for the 15 covered domestic banks has narrowed to 1.9%, compared to a 3% year-on-year decline in the first nine months of last year, with the decline narrowing mainly due to solid Trade earnings in the fourth quarter and a low base in the fourth quarter of 2023. In the fiscal year 2024, the growth of Net income before preferred stock dividends accelerated, with a year-on-year increase of 1.7%, compared to a year-on-year increase of 0.7% in the first nine months of last year, attributed to lower Crediting costs. In the fourth quarter of 2024, with the exception of Ping An Bank (000001.SZ) and MINSHENG BANK (01988), most of the covered...
China Minsheng Banking's Profit Slips 10%, Opeating Income Falls 3% in 2024
The Ministry of Finance actively supports the large state-owned commercial Banks in replenishing their core Tier 1 capital.
① The Ministry of Finance will issue the first batch of 500 billion yuan special government bonds in 2025, which will be used to support the Bank Of China, China Construction Bank Corporation, Bank Of Communications, and Postal Savings Bank Of China in replenishing their core Tier 1 capital; ② Currently, state-owned large commercial banks are operating steadily, with stable asset quality and sufficient provisions. Supplementing capital through special government bonds will enhance their robust operational capability, promote high-quality development, and better serve the real economy.
Brokerage morning meeting highlights: Focus on economic performance exceeding expectations or new catalysts in Technology, and emphasize structural opportunities in Technology and the pro-cyclical main line.
At today's Brokerage morning meeting, China Securities Co.,Ltd. suggested focusing on the economy exceeding expectations or new catalysts in Technology, emphasizing structural opportunities in Technology and pro-cyclical main lines; KSY Securities believes that the overall Hong Kong stock market has not yet entered a full bull market rally stage; HTSC stated that the overall lithium battery production scheduling in April has improved month-on-month, Bullish on the marginal continuous improvement of supply and demand in the Industry Chain.
