Express News | National first order! Chengdu copyright ABN successfully issued with an amount of 0.1 billion yuan.

BreakingsDec 20 17:18

Bank Of Chengdu (601838.SH): Chief Economist Zheng Jun retired and left office.

Bank Of Chengdu (601838.SH) announced that the company's chief economist Zheng Jun has recently submitted his resignation to the Board of Directors due to retirement...

Zhitong FinanceDec 19 18:15

Research Reports Gold Digging | HTSC: Maintains "Buy" rating for Bank Of Chengdu, Target Price 20.25 yuan.

On December 19, Gelonghui reported that HTSC's Research Report pointed out that Bank Of Chengdu (601838.SH) announced it has triggered the conditional redemption clause of the 'Chengyin Convertible Bonds'. Considering the new equity from the forced redemption of Convertible Bonds, the forecasted EPS for 2024-2026 is 3.08/3.40/3.77 yuan, with a BVPS forecast value of 20.25 yuan for 2025, corresponding to a PB of 0.81 times. The average PB forecasted by comparable companies for 2025 is 0.60 times according to Wind. With the long-term fixed deposits maturing and the deposit benchmark interest rate being lowered, the cost on the liability side is expected to continue improving, offsetting the downward pricing pressure on the asset side. 24Q3

Gelonghui FinanceDec 19 14:43 · Ratings

The Bank Of Chengdu intends to redeem "Chengyin Convertible Bonds" in advance, and investors who do not act in a timely manner may face significant losses.

Investors holding the 'Cheng Silver Convertible Bond' can continue to Trade through the secondary market within the specified time limit or convert at a conversion price of 12.23 yuan per share. Otherwise, they can only choose to be forcibly redeemed at a face value of 100 yuan per bond plus accrued interest for the current period. If forcibly redeemed, there may be a significant investment loss.

lanjinger.comDec 18 22:11

Triggered a strong redemption! Bank Of Chengdu decided to exercise its early redemption right. How should investors proceed?

① Redeeming convertible bonds early can reduce the Bank Of Chengdu's future interest expenses, and it may also encourage some convertible bond investors to expedite their conversion decisions. ② Currently, the pace of convertible bond investors converting to shares at Chengdu Silver is accelerating, and as of December 18, the proportion of unconverted bonds has decreased from 40.15% a week ago to 28.32%.

cls.cnDec 18 21:25

Bank Of Chengdu (601838): The convertible bond triggers a mandatory redemption, enhancing capital strength.

On December 17, 2024, the Bank Of Chengdu announced that it has triggered the conditional redemption clause of the "Chengyin Convertible Bonds." We believe that: 1) The strong redemption of Convertible Bonds will supplement capital resources, supporting Business expansion; 2) The strategic positioning of SiChuan is upgraded, proposing...

HTSCDec 18 15:57