Express News | Bank stocks rose against the trend in the afternoon, with Jiangsu Changshu Rural Commercial Bank and several other stocks increasing by over 2%.
Which bank has the highest dividend yield, and when will the interim dividend arrive?
China Merchants stated that in the A-share market, Ping An Bank, China Zheshang Bank, Xiamen Bank Co.,Ltd., and Bank of Shanghai have high dividend yields; the H-shares of China Construction Bank Corporation, Bank Of Communications, Chongqing Rural Commercial Bank, and Bank Of China also have relatively high dividend yields.
Express News | Minsheng Securities: In 2025, the Banks Sector will focus on three main lines.
Express News | China Galaxy Securities: Macroeconomic policies are being strengthened again, and positive factors in the Banks' fundamentals are accumulating.
Orient Securities: The overall degree of controllability of the damage to banks' interest rate spreads in 25 years is manageable. Focus on risk expectations improvement and revival theme.
Currently entering a period of intensive implementation of stable growth policies, with a focus on mmf first, followed closely by fiscal expansion, and a significant acceleration of local debt, which will have a profound impact on the fundamentals of banks in 2025.
gf sec: Fiscal issuance spending has entered an accelerated phase, and in 2025, the banks sector will transition from asset scarcity to a recovery trade.
With the implementation of incremental finance, it is expected that there will be a strong round of fiscal expansion from Q4 2024 to Q2 2025, driving improvement in corporate profits and market expectations.
Guosen: For banking industry investments, it is important to focus on short-term certainty while being bullish on mid- to long-term layout opportunities.
In this round of market trends, the banking sector will also welcome relatively good investment opportunities, but it may be necessary to wait until the recovery of private investment demand before achieving both excessive returns and absolute returns.
Express News | The self-discipline investigation situation of the four rural commercial banks has been announced. Jiangsu Changshu Rural Commercial Bank: Currently unclear.
China Securities Co.,Ltd. Banking Industry 2025 Investment Strategy Report: Policy intensifies, recovery is approaching, focusing on different banking investment themes in different scenarios.
Actual macroeconomic indicators are still in the process of gradual recovery, with the banking sector in the background of "strong policy expectations, weak fundamentals". Depending on the different performance of the future economy, the banking sector will each have different investment themes.
Express News | Galaxy Securities: Continues to be bullish on the value of dividends in the banking sector, maintaining a recommended rating.
China Galaxy Securities: In 24Q3, banks achieved positive growth in revenue and profits, with the continued value of dividends.
Under the policy inflection point, banks have accumulated positive fundamental factors; performance repair and capital replenishment continue to support the dividend attributes of banks.
Why did the fair value change income decline in the third quarter? The management of jiangsu changshu rural commercial bank stated two main reasons, but did not respond to whether there are results from the self-regulation investigation.
①Investors are concerned about the self-discipline investigation results of the national bond trading, with no response from the management. ②President Bao Jian explains the reasons for the decline in fair value change income in the third quarter. ③Secretary to the Board Tang Zhifeng responds to investors' demands for increased dividend payouts.
China Securities Co.,Ltd.: Banks' third-quarter performance improved month-on-month, continue to focus on the trend of asset quality.
Listed banks' third quarter 24 revenue improved quarter-on-quarter, with the spread narrowing, stable expansion in scale, and other non-interest support.
China Galaxy Securities: Incremental policy effects released bullish on the value of bank allocation.
NDRC, Ministry of Finance, and Ministry of Housing and Urban-Rural Development respectively held press conferences this month, announcing a package of incremental policies to continuously stabilize growth, expand domestic demand, and implement risk mitigation actions to boost consumer consumption.
Express News | Galaxy Securities: Positive fundamentals combined with a low interest rate environment continue to be bullish on the allocation value of the banks sector.
Huachuang Securities: In the third quarter, the proportion of bank stocks in fund holdings slightly increased from a low level, bullish on the sector's value in the upturn cycle.
In the third quarter of 2024, the proportion of actively held positions in bank stocks in public offering funds bottomed out slightly, with the position ratio still at a low level. However, with the rebound of stock prices, the degree of underweighting has narrowed, and market risk appetite has increased slightly.
Jiangsu Changshu Rural Commercial Bank (601128): Steady growth in performance, sufficient provision level.
Event: Jiangsu Changshu Rural Commercial Bank released the third quarter report of 2024. During the reporting period, the company achieved revenue of 8.37 billion yuan, a year-on-year increase of +11.30%; net income attributable to the parent company was 2.976 billion yuan, a year-on-year increase of +18.17%; ROE (加
Express News | In the third quarter, the social security fund increased holdings at a low level in many individual stocks, with about 80 individual stocks receiving buy or shareholding recommendations.
Changshu Rural Commercial Bank's Q3 Profit Rises 16%; Revenue Up 10%
Jiangsu Changshu Rural Commercial Bank (601128): Performance maintains double-digit growth, with slightly increased attention rate.
Investment Highlights: Jiangsu Changshu Rural Commercial Bank released its third quarter report for 2024. The company achieved revenue of 8.37 billion yuan in the first three quarters, a year-on-year increase of +11.30%. Achieved a net income attributable to shareholders of 2.976 billion yuan, an increase of 18.17% year-on-year. Performance maintained.
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