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Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;
Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;
Hong Kong stock movement | DRCB (09889) surged over 10% at the end of trading. The trend of consolidation and restructuring among small and medium-sized Banks is obvious, and there is further room for improvement in Bank valuations.
DRCB (09889) surged more than 10% in late trading, and as of the time of this report, it has risen by 8.57%, priced at 3.8 Hong Kong dollars.
Dongguan Rural Commercial Bank's Nine-Month Profit Slips
drcb (09889.HK) recorded a net profit of 5.058 billion RMB in the first nine months.
DRCB (09889.HK) announced its financial data for the first nine months ending in September, achieving total operating income of 9.218 billion RMB according to Chinese accounting standards, a 13.3% year-on-year decrease. Net profit attributable to shareholders was 4.555 billion yuan, down 11%.
drcb(09889.HK) achieved a net income of 4.765 billion yuan in the first three quarters.
On October 29, Geelong reported that drcb (09889.HK) announced that the net income for the nine months ending on September 30, 2024 was 4.765 billion yuan. As of September 30, 2024, the capital adequacy ratio under the consolidated basis of Group 1104 was 16.38%, Tier 1 capital adequacy ratio was 14.21%, and core Tier 1 capital adequacy ratio was 14.18%.
drcb (09889): Qian Hua's qualifications as an executive director have been approved.
Drcb (09889) announced that the bank has received a notice from Dongguan Financial Regulatory Bureau regarding Qianhua Dongguan Rural Commercial...
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