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【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
Banks have increased interest rates on consumer loans in advance, with more low-interest products hidden in the "discount track."
Indirect remarks highlight the "cost performance" even more.
Exclusive | Banks that stabilize foreign trade and foreign investment are taking action, with banks in coastal provinces responding to requests: for foreign trade enterprises, "no loan withdrawal, no loan interruption".
① Many Banks have actively taken action regarding "stabilizing foreign investment and foreign trade." From large state-owned banks to local urban commercial banks, several Banks are providing support to foreign trade enterprises in various ways based on their own advantages; ② Recently, banks in major foreign trade provinces along the Southeast Coast have received relevant requests to "not withdraw loans and continue lending" to local foreign trade enterprises.
104255742 : but why is it not buying back its own shares?
Mr Worldwide 世界仔 OP 104255742 : debt to equity at 1.3, it has limited room to take on more debt. it is not worth to repurchase its stock which main business is insurance.