601658 Postal Savings Bank Of China
- 5.27
- -0.08-1.50%
Postal Savings Bank Of China News
Brokerage morning meeting highlights: China's semiconductor industry's domestic market demand and self-controllable direction are clear.
At today's brokerage morning meeting, citic sec believes that the domestic market and self-controllable direction are clear development directions for China's semiconductor industry; gtja pointed out that the improvement in domestic demand is expected to continue to heat up, highlighting the elasticity of baijiu; htsc stated that bank performance is expected to stabilize, seizing structural opportunities.
Express News | The quarterly report reveals: the six major banks are steadily advancing capital increase.
Chinese Banks Boost Cross-Border Lending for Higher Returns
Express News | Shandong Yantai solves the problem of loan difficulties for articles on "sea", adding momentum to the fishery.
Express News | Members of the self-discipline mechanism under the central bank (banks) discuss regulating the pricing of interbank deposits: including not absorbing interbank funds at high stock prices, to prevent arbitrage.
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.
Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.
①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.
Bank stocks generally rose, with cm bank (03968) up 3.23%. Institutions point out that the policy turning point accumulates positive factors in the basic fundamentals of banks.
Golden Finance News | Bank stocks generally rose, ZYBank (01216) rose by 9.38%, CM Bank (03968) rose by 3.23%, Industrial and Commercial Bank of China (01398) rose by 3.16%, Postal Savings Bank of China (01658) rose by 2.44%, Bank of Communications (03328) rose by 2.01%, China Construction Bank Corporation (00939) rose by 1.97%, China CITIC Bank Corporation (00998) rose by 2%. Galaxy Securities stated that bank revenue and net profit have recovered, interest rate spreads have narrowed, the optimization effect of debt costs is gradually emerging, major banks' crediting and risk resistance capabilities are expected to benefit from national capital increase implementation. Finance
Express News | Galaxy Securities: continue to be bullish on the value of bank sector allocation.
Fitch Ratings: Risks in retail crediting are rising for Chinese banks.
Rating agency Moody's stated that due to weakening income prospects and falling property prices, the asset quality of retail loans and loans for inclusive micro and small businesses has come under pressure. Along with the rising risks of real estate-related loans, data for the first half of 2024 shows an increase in non-performing loan ratios for personal operating loans and credit card overdrafts from Chinese banks rated by Moody's. Moody's stated that since 2019, the scale of loans for inclusive micro and small businesses has rapidly expanded under regulatory guidance, reaching 13% of the total industry loans by the end of the first half of 2024. Rural commercial banks have the highest exposure to such loans, believing that these loans are more vulnerable due to the borrowers' income.
Research reports unearthed | tianfeng: Postal Savings Bank of China Q3 corporate profit growth rate turned from negative to positive, maintaining a "buy" rating
On November 6th, Guolonghui | tianfeng research reports pointed out that Postal Savings Bank of China (601658.SH) 24Q3 corporate profit growth rate turned positive from negative, with solid assets quality. Combining the two-way adjustment environment of loan interest rates and deposit benchmark interest rates in the second half of this year, the future interest margin pressure of the company may be alleviated, and the revenue capability may also improve accordingly. The bank uses a dividend discount model to calculate the target price of 6.48 yuan, corresponding to 0.76x PB for the year 2024, with a current price space of 20%, maintaining a “buy” rating.
Postal Savings Bank of China (601658): Revenue continues to grow positively, and the growth rate of net income attributable to the parent turns positive.
Event: Postal Savings Bank of China released its financial report for the third quarter of 24. In the first three quarters of 24, the company achieved a revenue of approximately 260.349 billion yuan, a net income attributable to the parent of approximately 75.818 billion yuan, YoY +0.22%; non-performing loan ratio 0.86%, not
Express News | The average dividend payout ratio is about 28%. The mid-term dividend distribution among listed banks is becoming more common and frequent.
Express News | The 12th meeting of the 14th National People's Congress Standing Committee: Deepening revitalization and utilization to improve the efficiency of state-owned asset management.
Express News | The six major banks plan to distribute a total dividend of over 200 billion yuan. Currently, the dividend yield of banks is higher than the yield of wealth management.
Postal Savings Bank of China (601658) performance review for the third quarter of 2024: Continued advantage in liabilities, marginal improvement in performance.
This report summary: The performance of Postal Savings Bank of China in the third quarter of 2024 meets expectations, with both quarterly revenue and net income growth rates turning positive. The advantage of liabilities continues, the quality of assets remains at a relatively high level in the industry, maintaining a shareholding rating. Investment points: Investment recommendation: Comprehensive
Large banks are accelerating their efforts to expand into lower-tier cities! The balance of inclusive small and micro loans is increasing, while interest rates are declining. Small and medium-sized banks are speeding up their efforts to attract customers.
From the perspective of inclusive finance, state-owned major banks have continued to lower the average interest rate of inclusive loans for small and micro enterprises this year, while the loan balance has grown rapidly since the beginning of the year. Shareholding banks and city commercial banks are competing for customers based on service quality.
Citic Sec: The implementation of advanced methods of capital measurement is progressing in an orderly manner. It is recommended to reevaluate the investment value of banks.
From the perspective of bank sector investment, the revenue growth rate and profit growth rate of listed banks in the third quarter have both improved, the overall asset quality is stable, currently in the observation period of macroeconomic policy effectiveness, and subsequent policy support is expected to bring about relief of real risks, especially in credit risks in the local government financing platforms and real estate sector, which are the solid foundation for the stability of banks' net assets.
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.
Changjiang Industrial responds to Li Ka-shing Foundation's shareholding reduction in Postal Savings Bank of China: It is part of daily financial operations and unrelated to the operation and development of Postal Savings Bank of China.
On November 1st, according to the Glonhui News, regarding the recent sale of a portion of the Postal Savings Bank of China H shares held by Li Ka-shing Foundation, Cheung Kong Industries Limited responded that the establishment of the Li Ka-shing Foundation aims to promote charitable projects, and all investments and sales are in support of these goals, with all profits allocated to charitable purposes. The Li Ka-shing Foundation regularly reviews its various financial investments. The recent shareholding reduction in the Postal Savings Bank of China is part of the foundation's daily financial operations, unrelated to the bank's business development. The Li Ka-shing Foundation has always maintained a good relationship with the Postal Savings Bank of China. It is reported that the Li Ka-shing Foundation was established in 1980, focusing primarily on
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