UBS Group: Raised CM BANK's Target Price to HKD 52, rating 'Buy'.

UBS Group released a research report stating that fundamentally, it is expected that CM BANK (03968) will see its Net income growth accelerate to 3.7% this year, mainly due to moderate growth in net interest income, a bottoming out of fee income, cost control, and stable trends in non-performing loans. The bank indicated that due to the decline in market interest rates in China, it is expected that CM BANK's ROI will decrease by 0.8 percentage points to 13.7%, and compared to China's major banks, CM BANK is anticipated to remain relatively strong. The bank raised its Target Price from HKD 45.5 to HKD 52, maintaining a 'Buy' rating.

Sina Hong Kong StocksApr 3 02:38 ET

Brokerage morning meeting highlights: The industry allocation recommendations for April should focus on two main lines.

At today's Brokerage morning meeting, Galaxy Securities stated that the characteristics of a short-term structural economic recovery remain evident, with industries related to new productive forces performing better; HTSC believes that increased investment in global AI computing power is expected to drive the performance of businesses in sectors such as Optical Communications to remain positive; China Securities Co., Ltd. suggested that the industry allocation recommendations for April should focus on two main lines.

cls.cnMar 31 20:46 ET

It is the "last day" for Consumer loan interest rates below 3%, and many Banks are still rushing to attract customers, fearing increased pressure on future lending.

① Many Banks are promoting a slogan "Last Day of Low Interest Rates", urging customers to quickly check their limits and receive interest rate coupons for withdrawals; ② Several Banks' Crediting personnel are concerned that an increase in Consumer loan rates may lead to a decrease in interest, continuing to increase lending pressure.

cls.cnMar 31 20:08 ET

CM BANK received an increase in shareholding of 33.3905 million shares from Ping An Insurance Life Insurance Company Limited, with each share priced at approximately 45.81 Hong Kong dollars.

The latest data from the Hong Kong Stock Exchange shows that on March 26, Ping An Insurance Life Insurance Co., Ltd. increased its shareholding in CM BANK (03968) by 33.3905 million shares, at a price of HKD 45.8078 per share, totaling approximately HKD 1.53 billion. After the increase, the latest number of shares held is approximately 0.524 billion shares, with the latest shareholding percentage being 11.41%.

Sina Hong Kong StocksMar 31 19:57 ET

Citigroup: Short-term preference for CM BANK. If the six major domestic banks are overly adjusted, there will be absorption opportunities.

Citigroup released a Research Report stating that the year-on-year decline in pre-provision Operating income for the 15 covered domestic banks has narrowed to 1.9%, compared to a 3% year-on-year decline in the first nine months of last year, with the decline narrowing mainly due to solid Trade earnings in the fourth quarter and a low base in the fourth quarter of 2023. In the fiscal year 2024, the growth of Net income before preferred stock dividends accelerated, with a year-on-year increase of 1.7%, compared to a year-on-year increase of 0.7% in the first nine months of last year, attributed to lower Crediting costs. In the fourth quarter of 2024, with the exception of Ping An Bank (000001.SZ) and MINSHENG BANK (01988), most of the covered...

Sina Hong Kong Stock.Mar 31 04:15 ET

Citi: Short-term preference for CM BANK (03968); if the six major domestic banks undergo excessive adjustments, it will present buying opportunities.

The bank stated that the performance of most covered banks for the fourth quarter of 2024 met expectations, with Agricultural Bank Of China (01288), Industrial Bank (601166.SH), and Chongqing Rural Commercial Bank exceeding expectations, while Ping An Bank and China Minsheng Bank did not meet expectations.

Zhitong FinanceMar 31 03:08 ET