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China Securities Co.,Ltd.: Banks' core revenue improved marginally in Q1 2025, while Other non-interest income had a significant drag.
Looking ahead to 2025, scale growth is stable, and the decline in interest margins is expected to narrow with optimized deposit costs, but Other non-interest income will continue to negatively impact revenue. With stable Asset quality, profits can maintain positive growth.
【Brokerage Focus】CITIC SEC: In the first quarter, the Banks Sector is running at a low level of prosperity, but the relative value logic holds for the entire year.
Jingwu Financial News | CITIC SEC stated that in the first quarter, the Bank Sector experienced low-level running conditions, with adjustments in existing mortgage loan rates and LPR repricing concentrated in the first quarter, which reduced bank interest margins. Fluctuations in the bond market impacted banks' non-interest income, leading to negative growth in revenue and profit for the Bank Sector in the first quarter. We believe that due to: 1) the frequency and magnitude of LPR cuts in the first quarter being significantly lower than anticipated; 2) the positive effect of deposit repricing on interest margins beginning to materialize; 3) a decrease in bond market fluctuations and the timely adjustment of bank strategies, revenue and profit growth rates are expected to gradually recover in the subsequent quarters. The negative growth in profits of large banks in the first quarter has a guiding effect.
Zhongtai: The dividend attributes of bank stocks are prominent, focusing on two investment main lines.
Zhongtai stated that under the background of "reciprocal tariffs," the dividend attributes of bank stocks are highlighted, suggesting actively paying attention to the investment value of bank stocks, focusing on large banks, China Merchants Bank, and high-quality urban and rural commercial banks.
Capital Trends | Northbound funds increased their holdings in Hong Kong stocks by over 5.6 billion, with Meituan and China Construction Bank receiving oversubscription of over 0.5 billion, while Industrial and Commercial Bank faced Sell of over 0.3 billio
Capital Trend in Hong Kong stocks.
Industrial And Commercial Bank Of China (01398): Independent non-executive Director Hu Zuliu has stepped down.
Industrial And Commercial Bank Of China (01398) issued a notice that its independent non-executive Director Hu Zuliu will complete his term in April 2025...
Industrial And Commercial Bank Of China (01398.HK) has completed the issuance of 50 billion yuan of secondary capital bonds.
On April 30, GlobaLink announced that the Industrial And Commercial Bank Of China (01398.HK) has completed the issuance of the 2025 Tier 2 Capital Bonds (Phase II) (Bond Connect) ("this bond") in the national interbank bond market recently. The issuance scale of this bond is 50 billion yuan, with a variety of 10-year fixed-rate bonds, having a conditional call option for the issuer at the end of the 5th year, with a coupon rate of 1.98%.
Chris Ivan Ang : Results below expectations. Market acting all scared.