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Bank Of Communications (03328.HK) will hold a Board of Directors meeting on March 21 to approve the annual performance.
Gelonghui reported on March 11 that Bank Of Communications (03328.HK) announced that its Board of Directors will hold a board meeting on March 21, 2025, to (including) (i) review and approve the annual performance of the bank and its subsidiaries for the fiscal year ending December 31, 2024; and (ii) consider the payment of a final dividend (if any).
BANKCOMM: NOTICE OF BOARD MEETING
Special contributor Guo Jiayao: The market atmosphere remains prosperous, but after a significant accumulation of gains, consolidation at a high position is taking place.
Jinwu Financial News | The US stock market experienced significant fluctuations last Friday, as the latest non-Agriculture job data from the USA fell short of expectations. After a weak opening, the market significantly declined at first, then fluctuated and rebounded, with all three major indices closing with gains. The dollar weakened, the yield on the ten-year US Treasury note rose to 4.3%, gold prices showed weakness, and oil prices improved from their lows. The Hong Kong stock market's pre-market securities were generally soft, and a low opening is expected. The mainland stock market fell last Friday, with the Shanghai Composite Index opening low and continuing to decline, closing down 0.2%, while trading volume in the Shanghai and Shenzhen markets slightly decreased. The Hong Kong stock market fluctuated downward last Friday, initially rising after a low opening, before turning weaker again and closing with a modest decline.
China Jianyin Investment expects that the pure profit of domestic banks increased by 2% last year, Bullish on CM BANK and China CITIC Bank Corporation.
Jianyin International has released a Research Report stating that the mainland government is committed to controlling tail risks and activating market sentiment. The bank holds a positive view on the stock prices of China Mainland Banking for the fiscal year 2025, believing that stable Operation performance will support the dividend yield of H-shares of China Mainland Banking to reach 6.1%. It indicates that Ping An Bank (000001.SZ) will kick off the announcement of its fiscal year 2024 results on March 14. The bank expects Agricultural Bank Of China (01288) to be the fastest-growing stock within its research scope, with a year-on-year increase of 4%. It is anticipated that the net profit of China Mainland Banking will rise by 2% year-on-year, while estimated pre-provision operating profit (PPOP) and revenue will both decline by 1% year-on-year.
[Brokerage Focus] Jianyin International is optimistic about the stock price of Bank Of China for the fiscal year 2025.
Jinwu Financial News | Jianyin International expresses an optimistic view on the stock price of Bank Of China for the fiscal year 2025, mainly due to the government's commitment to controlling tail risks and the high market sentiment. The bank believes that solid operating performance will support a 6.1% dividend yield for Listed in Hong Kong banks in the fiscal year 2024. According to the bank's profit model, it is expected that the overall net income of the Chinese banking industry it covers will increase by 2% year-on-year in the fiscal year 2024 (with a year-on-year growth of 2% in the fiscal year 2023). Among the banks covered by the bank, Agricultural Bank Of China (ABC) has the fastest growth, increasing by 4% year-on-year. Operating profit for the fiscal year 2024.
Jianyin International: Capital adequacy ratio improves, the valuation of Banks is expected to improve, raising the Target Price for domestic Banks (table).
The bank believes that bank stocks have underperformed compared to the Index, but valuations are expected to improve.
