03968 CM BANK
- 30.400
- +0.300+1.00%
CM BANK News
Express News | CM Bank responded to the "58-page PPT report on the boyfriend of pearson" incident: the employee involved has been expelled from the party and dismissed.
BlackRock reduced its shareholding in CM Bank (03968) by approximately 0.7719 million shares, at a price of approximately HKD 29.21 per share.
On September 16, BlackRock reduced its shareholding in CM Bank (03968) by 0.77189 million shares, with a price of HKD 29.2084 per share, for a total amount of approximately HKD 22.5457 million.
After the Mid-Autumn Festival, the consumer loan interest rates of banks starting with the number "1" are gradually ending, with 2.88% still being the mainstream. The industry believes that in the long term, it will still enter the range starting with the
1. Although various commercial banks have all launched consumer loan promotional activities, the optimal level of annual interest rates for consumer loans is still maintained at 2.88%. 2. In order to increase the credit release efforts, banks have lowered the interest rates of consumer loans in exchange for quantity, and this has become a common situation in the consumer loan market. 3. With interest rates at a downward trend, consumer loan interest rates are expected to continue to decline, and the market's consumer loan levels may enter the single digits.
In Lyon's 'Large Banks', the sensitivity analysis of the impact of china mainland banking stocks and potential interest rate cuts on net profits (Table).
According to a report released by Lyon, the potential impact on the annual net profit of each China mainland banking stock if the mortgage interest rate is reduced by 50 basis points, 60 basis points, and 75 basis points is as follows: Postal Savings Bank of China (01658.HK): -11% / -13.2% / -15.4%; China Construction Bank (00939.HK): -8.2% / -9.9% / -11.5%; Industrial and Commercial Bank of China (01398.HK): -7.8% / -9.3% / -10%.
In Lyon's "Great Banking", financial experts expect that the mainland may soon cut interest rates. If the policy effectively eases the net interest margin losses, there is a preference for China Construction Bank (00939.HK) and Ping An Bank (03968.HK).
Lyon's report states that the banking industry in China has not yet seen the light at the end of the tunnel. Last week, the bank met with banking and financial industry experts in four cities in mainland China and indicated that there was no significant improvement in related businesses, loan demand remained weak, the quality of retail assets may deteriorate further, and there were no signs of a peak. However, the maturity of time deposits and lower interest rates will bring encouraging performance to net interest margin, but there is still the risk of potential lowering of mortgage loan rates that has not been realized. Bankers have not found any significant catalysts that can change the situation of "economic weakness, weak demand", and it is estimated that next year may be another year of soft loan growth for the bank.
Galaxy Securities: Bullish on the dividend value of the banking sector.
China Galaxy Securities research reports indicate that the governance of financial 'squeezing out water' and the circulation of funds continue, and credit injection is slowing down and improving in quality, with a balanced pace and a reasonable growth in total amount, supported by government bond issuance to boost social financing.
Da Hua Ji Xian: The mid-term profit of the domestic banks roughly meets expectations. The first selected bank is cm bank (03968).
Da Hua continued to give China Merchants Bank a "buy" rating, with a target price of HK$42.
UBS Group's investment rating and target price for China Mainland Banking stocks (Table)
UBS Group released a research report, the investment rating and target price of China Mainland Banking are as follows:
Hong Kong stock market moves | China mainland banking maintains strong momentum in the afternoon, with Industrial and Commercial Bank of China rising more than 2%.
格隆汇September 17th | CM Bank, Postal Savings Bank of China, Industrial and Commercial Bank of China, Bank of China all rose more than 2%.
UBS Group expects lower dividends per share for china mainland banking stocks, with China Construction Bank, Bank of China, Agricultural Bank of China, and Industrial and Commercial Bank of China having defensive characteristics.
UBS Group released a report stating that the MSCI Chinese banks index fell by 4.6% in the past month, underperforming the MSCI China index (down 2.6%). Among the H-shares covered by the bank, Minsheng Bank (01988.HK) performed the best (down 0.7%), while CM Bank (03968.HK) lagged behind (down 10.5%). Mainland institutional investors' holdings (Northbound capital) in H-shares of Chinese banks accounted for 28.2% of the free float, increasing by 48 basis points monthly, with Agricultural Bank of China (01288.HK) showing the largest increase in holding value (up 7.2%), and Bank of Communications (03328.HK) experiencing the largest decline (down 4.
Greater China: Mid-term profit of ICBC roughly in line with expectations, with China Merchants Bank (03968.HK) as the top choice.
Dahua Jixian released a research report indicating that the domestic silver's profits in the first half of this year generally met expectations. The bank estimated a total reduction of 80 basis points in the mortgage interest rates, which would have a 6.5 basis point or 9.2% impact on the domestic silver's profits next year. The bank maintains a "shareholding" rating for the industry, stating that macro weakness and adjustments in mortgage interest rates will affect stock prices. However, after a recent adjustment in stock prices, the valuation has been depressed, dividend yield has risen, and there may be a ray of hope for defensive stocks. More policy support from regulatory institutions is expected to safeguard the domestic silver's profit margin by lowering deposit rates and reserve requirements, which could help alleviate investors' concerns about the domestic silver.
Hot Spot | CM Bank rose more than 3%, leading the gains in china mainland banking. The high dividend allocation value of banks is still attractive.
China mainland banking stocks rose across the board, with CM Bank up 2.89% to HK$30.3; Postal Savings Bank of China up 1.94% to HK$4.21; Bank of China up 1.76% to HK$3.46; Bank of Communications up 1.89% to HK$5.39.
HK stocks rose more than 3%, leading the gains in china mainland banking. The value of high-dividend banking configuration is still attractive.
China mainland banking stocks generally rose. As of the time of writing, CM Bank (03968) rose 3.06% to HKD 30.35, Postal Savings Bank of China (01658) rose 2.18% to HKD 4.22, and Bank of China (03988) rose 1.76% to HKD 3.46.
CM Bank (600036): Profit growth increased, overall asset quality stable.
The growth rate of net income attributable to the parent increased compared to Q1. In 24H1, the revenue decreased by 3.09% year-on-year, and the net income attributable to the parent decreased by 1.33% year-on-year, which is an improvement compared to Q1. Among them, the Q2 quarterly revenue growth rate was -1.48%, and the net income attributable to the parent
Cm bank Peng Ke: The foundation of green finance development is the sustainable development of industries, representing the vast market of future economic growth.
①Commercial banks are the main force in the development of green finance in China, and China has become the world's largest indirect financing market for green finance. ②In China's carbon emissions structure, the energy sector and manufacturing industry have the highest proportion of carbon emissions, and the transformation of energy and energy conservation and emission reduction in the manufacturing industry are the main battlegrounds for China's green finance.
Hang Seng Index rose 167 points in the morning, with gains from Meituan and Xiaomi. Mainland real estate and pharmaceutical stocks also went up.
The market anticipates a rate cut in the United States next week, with the Dow rising 235 points or 0.6% overnight, and the Nasdaq rising 1%. Hong Kong stocks rose in early trading, with the Hang Seng opening 57 points higher. It briefly rose 300 points to 17,542 points and rose 167 points or 1% by midday, closing at 17,408 points. The HSCI rose 25 points or 0.7% to 3,501 points. The total turnover of the market reached 51.979 billion yuan in the first half of the day.
Express News | Chaozhuohang: Subsidiary files a 60 million yuan lawsuit.
Express News | 27 Shenzhen companies have been listed in the 2024 Fortune Global 500. Ping An Insurance's revenue has exceeded one trillion, and BYD's ranking has significantly improved.
In "Da Hang", CICC lists the top 20 total market capitalization of Chinese-funded stocks, adjusts the net profit forecast based on year-on-year growth rate (table).
CICC's report stated that, based on comparable caliber and denominated in Hong Kong dollars, the profits of overseas Chinese-funded stocks in the first half of the year increased by 2.3% year-on-year, accelerating from 0.2% in 2023, and outperforming A-shares. Internet e-commerce experienced high growth, while the export chain and metal were bright spots, with real estate and banks dragging down. In the first half of this year, the profits of overseas Chinese-funded stocks in the financial industry declined by 1.1% year-on-year (compared to a 2.7% drop in 2023), while the non-financial sector saw growth of 6.3% (compared to a 3.9% increase in 2023).
Morgan Stanley reduced its shareholding of cm bank (03968) by 11.9022 million shares at an approximate price of HK$31.19 per share.
On September 3rd, Morgan Stanley reduced its shareholding in CM Bank (03968) by 11.9022 million shares, with a price of HKD 31.1912 per share, for a total amount of approximately HKD 0.371 billion.
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