Bank of America Securities: Raised the Target Price of Bank Of Communications (03328) to 6.3 Hong Kong dollars, rating "Underperform".
The bank maintains a "underperform" rating for Bank of Communications, mainly due to the unattractive dividend yield and dilution after the capital injection.
Citibank: Bank Of Communications' profit growth in the first quarter exceeds that of peers, giving a "Buy" rating.
Citigroup released a research report stating that Bank Of Communications (03328) is expected to have a 1.5% year-on-year growth in profits for the first quarter of the 2025 fiscal year, outperforming its peers, which may help offset some concerns regarding dilution and dividend per share. After considering dilution, Bank Of Communications' H shares still offer a substantial dividend yield of 5%, making it attractive to income-seeking investors. Therefore, the bank anticipates that the market will respond positively to Bank Of Communications' robust performance in the first quarter. Citigroup has set the Target Price for Bank Of Communications at HKD 6.81, giving it a 'Buy' rating.
HSBC Flags Up to $1.6 Billion in Pre-Tax Losses on BoCom Share Sale
UBS Group: Bank Of China has the strongest revenue growth among state-owned domestic banks, with a Target Price of 4.7 Hong Kong dollars.
UBS Group published a Research Report stating that the Net income of Bank Of China (03988) in the first quarter of the 2025 fiscal year decreased by 2.9% year-on-year, slightly lower than UBS Group's expectations, and lagged behind Agricultural Bank Of China (01288) and Bank Of Communications (03328). Nevertheless, Bank Of China achieved the strongest revenue growth among state-owned banks. However, operating expenses increased significantly by 9.8%, weaker than UBS Group's expectations; the effective tax rate rose by 3.5 percentage points year-on-year to 20%, far exceeding UBS Group's expectations. UBS Group estimates that the market's reaction to Bank Of China's first quarter performance is neutral to slightly positive. The bank has a Target Price of HKD 4.7 and gives a "Buy" rating.
Bank of Communications Q1 Profit Rises 1.5%, Net Operating Income Down 1.1%
China Mainland Banking stocks are weakening, CM BANK (03968) is down 5.51%, many banks' net profits fell year-on-year in the first quarter.
Jinwu Finance News | China Mainland Banking stocks are weak. As of press time, SHENGJINGBANK (02066) fell by 8.57%, CM BANK (03968) fell by 5.51%, Postal Savings Bank Of China (01658) fell by 5.36%, Industrial And Commercial Bank Of China (01398) fell by 4.74%, China Construction Bank Corporation (00939) fell by 4.23%, and Bank Of Communications (03328) fell by 3.96%. In terms of news, several banks announced their performance for the first quarter of 2025. Among them, China Construction Bank Corporation's net profit in the first quarter decreased by 3.99% year-on-year; Industrial And Commercial Bank Of China's net profit in the first quarter decreased by 3.99% year-on-year; Bank Of China’s net profit in the first quarter year-on-year.
Bank of Communications: Bank of Communications Report for the First Quarter of 2025
Bank of Communications H Share Announcement-2025 First Quarter Results Announcement
Bank of Communications Report for the First Quarter of 2025
HSBC Expects Up to $1.6 Billion Loss in China's Bank of Communications' Stake Reduction
BCOM: In the first quarter of 2025, performance is stable, with net income increasing by 1.54% year-on-year.
Bank Of Communications' Q1 2025 performance is stable: asset quality improves, profits slightly increase by 1.54%. Key points summary: Performance: Bank Of Communications achieved a net income of 25.372 billion yuan in Q1 2025, a year-on-year increase of 1.54%, with total assets rising to 15.29 trillion yuan, an increase of 2.61% from the end of last year. Asset quality: Non-performing loan ratio is 1.30%, a decrease of 0.01 percentage points from the end of last year, with a provision coverage ratio of 200.41%, overall asset quality remains stable. Core business: Customer loan balance reached 8.92 trillion yuan, an increase of 4.24% from the end of last year, including corporate loans growing.
Bank of Communications 1Q Net CNY25.37B Vs. Net CNY24.99B >3328.HK
Bank Of Communications (03328.HK) reported a net income of 25.372 billion yuan in the first quarter, an increase of 1.54% year-on-year.
On April 29, Gelonghui reported that Bank Of Communications (03328.HK) announced that in the first quarter of 2025, the group's total Assets amounted to 15,288.895 billion yuan, an increase of 2.61% compared to the end of last year; total liabilities reached 14,112.326 billion yuan, an increase of 2.67% compared to the end of last year; and Shareholder equity (attributable to parent company Shareholders) was 1,165.925 billion yuan, an increase of 1.89% compared to the end of last year. From January to March 2025, the Net income from operations was 66.44 billion yuan, a decrease of 1.13% year-on-year; the Net income (attributable to parent company Shareholders) was 25.372 billion yuan, a year-on-year increase of 1.5.
Express News | Bank of Communications - as at Qtr-End, Npl Ratio 1.30%
Express News | Bank of Communications Q1 Net Interest Margin 1.23%
BANKCOMM: RESULTS ANNOUNCEMENT FOR THE FIRST QUARTER 2025
The market may reach a critical juncture in the short term, with Banks and Electrical Utilities showing repeated activity, and the Technology Sector poised to take off.
Track the entire lifecycle of the main Sector.
Zhongtai: The dividend attribute stands out, pay attention to the investment value of Banks stocks.
Under the background of "reciprocal tariffs", the dividend attributes of bank stocks are prominent, suggesting active attention to the investment value of bank stocks, focusing on major banks, China Merchants Bank, and high-quality urban and rural commercial banks.
Industrials, Agriculture, and China Banking reach new highs again! The Banks Sector continues to be hot, and today's "new high bull" scan shows that these directions also have a high proportion.
①Today, Bank stocks became active again, among which, the three major banks, Industrial, Agricultural, and China, continue to hit historical highs, with Construction Bank approaching its historical peak. ②The financing balance of the Banks sector has slightly declined compared to mid-April, while still remaining at a relatively low level for this year. ③A total of nearly 20 stocks reached historical highs today, with the highest proportion being Autos stocks, and there are also many from basic chemicals, agriculture, forestry, animal husbandry, and fishing, and the Banks stocks.
BANKCOMM: 2024 Annual Report