CMBMAIN CMB Futures(MAY5)
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CMB Futures(MAY5) News
China Merchants Bank Sells 20 Billion Yuan Bonds
CM BANK (03968.HK) issued 20 billion yuan in capital Bonds.
On April 29, Gelonghui reported that CM BANK (03968.HK) announced that the perpetual capital Bonds (Phase 1) of CM BANK Co., Ltd. would be recorded on April 25, 2025, and completed issuance on April 29, 2025. The issuance scale of this Bonds is 20 billion yuan, with a coupon rate of 2.13% for the first 5 years. The funds raised from this Bonds will be used to supplement the company's Other Tier 1 capital in accordance with applicable laws and regulatory approvals.
Hong Kong stocks closed (04.30) | Hang Seng Index rose 0.51%. AI Concept stocks performed strongly. China Mainland Banking stocks weakened after earnings.
The three major Hong Kong stock indices rebounded from the bottom, with the Hang Seng Index stabilizing above 22,000, and the Hang Seng Technology Index rising over 1%, performing the best.
How to understand the negative profit growth of China Merchants Bank?
China Merchants stated that the main reason for the negative profit growth is the adjustment of the bond market leading to a decline in non-interest income, as well as the potential need for provision to deal with the lagging impact of USA tariff policies. Although profits are under short-term pressure, CM BANK's core operation Indicators remain robust. If excluding the impact of one-time bond market adjustments, CM BANK's revenue continues to show a growth trend.
Major bank ratings丨Goldman Sachs: The first quarter performance of China Merchants Bank is mixed, maintaining a "Buy" rating.
Goldman Sachs published a report indicating that CM BANK's operating profit before provisions and net profit for the first quarter fell by 4% and 2% year-on-year, respectively, which was below the bank's expectations. The performance was mainly affected by a net interest margin decline that was 4 basis points greater than the bank's expectations, and investment income which was 19% less than expected by the bank. Bank loans increased by 5% year-on-year, lower than the system loan growth of 7.4%. Provision for loan reserves increased by 86% quarter-on-quarter, while non-loan asset provisions decreased by 72% quarter-on-quarter. The growth rate of non-performing loans exceeded the growth of loans, indicating a slight increase in the non-performing loan formation rate, posing a challenge to asset quality. The bank believes that CM BANK's first quarter performance is mixed, demonstrating discipline during a possible downturn cycle.
Trending Stocks Today: XIAOMI-W up 4.74%
CM BANK (600036.SH) released its first quarter performance, with a net income of 37.286 billion yuan, a decrease of 2.08%.
CM BANK (600036.SH) released its first quarter report for 2025, with revenue of 837....
Gelonghui announcement highlights (Hong Kong stocks) | Midea Group Co., Ltd (00300.HK) reported a net income of 12.42 billion yuan in the first quarter, a year-on-year increase of 38.02%.
【Today's Focus】Midea Group Co., Ltd (00300.HK) reported a net income of 12.42 billion yuan in the first quarter, a year-on-year increase of 38.02%. Midea Group Co., Ltd (00300.HK) announced that in the first quarter of 2025, the company's revenue was 127.84 billion yuan, a year-on-year increase of 20.49%; net income attributable to shareholders of the listed company was 12.42 billion yuan, a year-on-year increase of 38.02%; net income attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 12.75 billion yuan, a year-on-year increase of 38.03%; basic EPS was 1.64 yuan/share.【Significant Events】CHI ASIA VALLEY (00
China Merchants Bank's Q1 Profit Slides Nearly 2.1%
CM BANK (03968.HK) has nominated Jiang Chaoyang as a candidate for non-executive Director.
On April 29, Glonghui reported that CM BANK (03968.HK) announced that the Board of Directors would hold a meeting on April 29, 2025, to review and unanimously pass the proposal to nominate Mr. Jiang Chaoyang as a non-executive director, agreeing to nominate him as the candidate for the non-executive director of the company's twelfth Board of Directors.
CM BANK: In the first quarter of 2025, performance was steady, profit slightly decreased, and Asset quality remained stable.
CM BANK's performance in the first quarter of 2025 is stable: profits slightly decreased while asset quality remains stable. Key financial points: Profit performance: Achieved operational results in the first quarter...
CM BANK: FIRST QUARTERLY REPORT OF 2025
CM BANK: In the first quarter of 2025, performance shows steady growth, but net interest margin is under pressure.
In the first quarter, revenue reached 83.751 billion yuan, a year-on-year decrease of 3.09%; Net income was 37.286 billion yuan, a year-on-year decrease of 2.08%; Net interest income was 52.996 billion yuan, a year-on-year increase of 1.92%; Non-interest net income was 30.755 billion yuan, a year-on-year decrease of 10.64%.
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.
【Brokerage Focus】Zhongtai: "Under the background of 'reciprocal tariffs', the dividend nature of bank stocks is highlighted."
Jinwu Financial News | Zhongtai Research Reports state that under the backdrop of "reciprocal tariffs", the dividend attributes of bank stocks are highlighted. It is recommended to actively pay attention to the investment value of bank stocks, focusing on large banks, China Merchants Bank, and quality urban and rural commercial banks. The trend of rising treasury bond yields in the first quarter is facing marginal changes, and the cost-effectiveness of high-dividend sectors in banks is improving. Two investment mainlines: one is large banks with high dividends; the second is urban and rural commercial banks with location advantages and strong certainty.
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.
【Brokerage Focus】SWHY gives CM BANK (03968) an initial "Buy" rating, indicating that the company is expected to directly benefit from the support of insurance funds from the blue ocean.
Jinwu Financial News | SWHY released a research report indicating that over the past three years, under the overall pressure in the industry, CM BANK (03968) has still delivered a stable profit with high dividend growth, further highlighting its quality high-dividend attributes. From 2021 to 2024, CM BANK's net income attributable to the parent company maintains a growth rate of about 7.4% (the CAGR for the net income of shareholding banks is only about 2.8%). The performance in 2024 is expected to grow by 1.2% year-on-year (9M24: -0.6%), with the growth rate returning to positive, which is better than expected. Based on stable profits, CM BANK has been continuously increasing its dividend level in 2023, and currently.
LUDASHI (03601): Chengdu Qilu subscribed to CM BANK's 50 million yuan structured deposit product.
LUDASHI (03601) announced that on the date of this announcement, the structured deposit products under agreement XLIV...
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.
Earnings Preview: CM BANK to Report Financial Results on April 29