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A new "big brother" in the A-shares has emerged! The four major Banks have reached a historic new high, is there a mid-term dividend-hunting market for bank stocks?
The total market value of Industrial and Commercial Bank has reached 2.5 trillion yuan.
Bank stocks have surged for several consecutive days, and the Hang Seng Index has recovered to 20,000 points. Bullish Signals from the fiscal side are favorable for the continuation of the rebound | Hong Kong stock barometer.
① The Hang Seng Index stands above the 20,000-point mark; why is it so strong in the short term? ② The fiscal side releases Bullish Signals; can it help sustain the rebound?
Bank of China Names Zhang Hui as New President
Outperforming 92% of stocks within the year! The four major banks have reached a new high again, and this month they have all faced Shareholding reductions by financing clients.
① Today, the stock prices of the four major banks collectively set new historical highs, with an average increase of nearly 47% this year, outperforming 92% of stocks during the same period. ② Excluding new stocks, a total of 10 stocks reached historical highs today, most of which are CNI Mid-Small Cap.Index stocks, with a relatively high number of Transportation stocks. ③ The four major banks have all experienced shareholding reductions by financing clients this month, including the Industrial And Commercial Bank Of China, which has seen a net sell-off of nearly 0.2 billion yuan in financing this month.
Express News | Bank of China Says Zhang Hui Became President on Dec 23
Morgan Stanley: Bullish on Agricultural Bank Of China and China Construction Bank Corporation for next year, expecting to provide a dividend yield of about 7%.
Morgan Stanley released a research report stating that, before the real estate and industrial cycles bottoming out is confirmed in the second half of 2025, state-owned domestic banks such as Agricultural Bank Of China (01288) and China Construction Bank Corporation (00939), which offer a high dividend yield of about 7%, will be a safe choice due to the risks associated with growth stocks. Meanwhile, the interest returns on savings deposits and debts in mainland China are at low levels. The report also mentions that Postal Savings Bank Of China (01658) offers a similar dividend yield, while having more potential for cost savings and reduced capital costs, thus remaining Morgan Stanley's top choice, with a Target Price of HKD 5.3 for Agricultural Bank Of China, China Construction Bank Corporation, and Industrial and Commercial Bank of China.
