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.
Behind the storm of being named for manipulating the government bond market, jiangsu changshu rural commercial bank's investment income in the first three quarters has nearly doubled.
As of the end of September, the investment income of jiangsu changshu rural commercial bank increased from 0.696 billion yuan to 1.339 billion yuan, nearly doubling compared to the same period last year. The significant increase in investment income of jiangsu changshu rural commercial bank was already evident earlier, as its investment income for the first half of the year had already approached the total investment income performance of the previous year (0.957 billion yuan).
Jiangsu Changshu Rural Commercial Bank (601128): Waiting quietly for the recovery of microfinance with policy support.
Maintaining good growth in performance. In the first three quarters of 2024, the revenue reached 8.37 billion yuan (YoY, +11.3%), with a net income attributable to the mother of 2.976 billion yuan (YoY, +18.2%).
Jiangsu Changshu Rural Commercial Bank (601128): Revenue performance validates benchmark attributes, high provision ensures risk-free.
Event: Jiangsu Changshu Rural Commercial Bank disclosed its third quarter report for 2024, achieving revenue of 8.4 billion yuan in 9M24, an 11.3% year-on-year increase, and achieving a net income attributable to the parent company of 3 billion yuan, an 18.2% year-on-year increase. The non-performing loan ratio in 3Q24 increased quarter-on-quarter.
Jiangsu Changshu Rural Commercial Bank Co., Ltd. Report for the Third Quarter of 2024
The first quarterly report of the A-share rural commercial bank has been released, with jiangsu changshu rural commercial bank's non-interest income ratio increasing to 17.53%, signs of a rising non-performing loan ratio persisting.
①jiansgu changshu rural commercial bank's non-interest income in the third quarter reached 1.467 billion yuan, further increasing to 17.53%, with investment income becoming the key driver of high performance growth; ②The trend of rising non-performing loan ratio is still difficult to contain, increasing to 0.77% in the third quarter, up another 0.01 percentage points from the mid-year report.
Express News | Jiangsu Changshu Rural Commercial Bank: Net income increased by 16.26% in the third quarter.
Jiangsu Changshu Rural Commercial Bank (601128.SH) released performance for the first three quarters, with a net income of 2.976 billion yuan, a year-on-year increase of 18.17%.
Jiangsu Changshu Rural Commercial Bank (601128.SH) disclosed its third quarter report for 2024, achieving revenue of 83...
Express News | Jiangsu Changshu Rural Commercial Bank: The non-performing loan ratio is 0.77% over 9 months.
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