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...

Sina Hong Kong Stock.Mar 31 04:15 ET

Citi: Short-term preference for CM BANK (03968); if the six major domestic banks undergo excessive adjustments, it will present buying opportunities.

The bank stated that the performance of most covered banks for the fourth quarter of 2024 met expectations, with Agricultural Bank Of China (01288), Industrial Bank (601166.SH), and Chongqing Rural Commercial Bank exceeding expectations, while Ping An Bank and China Minsheng Bank did not meet expectations.

Zhitong FinanceMar 31 03:08 ET

Hua Fu Securities: The increase in capital from large banks has landed, enhancing financial support capabilities for the real economy.

The expectation of large banks increasing their capital has long been brewing, and this time the announcement aligns with market expectations.

Zhitong FinanceMar 31 01:56 ET

[Brokerage Focus] Citi: The large state-owned banks' private placement of A-shares helps alleviate net interest margin pressure, but is more Bullish on joint-stock banks.

Jinwu Financial News | Citigroup's Research Reports indicate that the Private Placement of shares by Bank Of China (03988), Postal Savings Bank Of China (01658), China Construction Bank Corporation (00939), and Bank Of Communications (03328) will help alleviate net interest margin pressure and restore lending capacity. This round of Refinancing will respectively raise the core Tier 1 capital adequacy ratios (CET1) of CCB, BOC, PSBC, and BOCOM to 15%, 13.1%, 11.5%, and 11.1%, and will dilute the existing Shareholders' equity to 4.3%, 8.5%, 15.6%, and 17.2%, but will only affect the dividend yield starting from 2025.

Jinwu Financial NewsMar 30 22:55 ET

Hong Kong stock market movement | China Mainland Banking stocks rise against the trend, China Construction Bank Corporation (00939) increases by over 4%, with four state-owned banks introducing a strategic investment of 520 billion yuan.

China Mainland Banking stocks rose against the trend, as of the time of publication, China Construction Bank Corporation (00939) increased by 3.73% to 6.95 Hong Kong dollars; Bank Of China (03988) rose by 1.96% to 4.68 Hong Kong dollars; CM BANK (03968) increased by 1.86% to 46.5 Hong Kong dollars; Industrial And Commercial Bank Of China (01398) rose by 1.27% to 5.56 Hong Kong dollars.

Zhitong FinanceMar 30 22:02 ET

China's Big State Banks to Get $71.6 Billion Capital Injection

Dow JonesMar 30 21:26 ET