GF Securities: Bank Overprovision Returns Respond to Valuation Enhancement Proposals Focus on targets such as Bank of Hangzhou (600926.SH)

The Zhitong Finance App learned that GF Securities released a research report saying that in the long run, the bank's valuation level is basically positively correlated with the ROE center, and the contribution of overprovision returns to performance will eventually also be reflected in an increase in valuation. Comparing the bank's current PB-ROE with the PB-ROE after the refund, it can be found that banks with high asset quality and high overprovision rates will clearly move lower to the right compared to the current nominal level. The most obvious banks include Bank of Hangzhou (600926.SH), Bank of Chengdu (601838.SH), and Bank of Changshu (601128.SH)

Zhitong FinanceJan 24 06:47

GF Securities: The gradual release of excess provisions is expected to provide effective support for the performance growth of listed banks

According to a research report released by GF Securities, currently listed banks with relatively stable asset quality generally retain certain excess provisions. If these excess provisions are gradually released in the future, it is expected to provide effective support for the performance growth of listed banks.

Zhitong FinanceJan 23 06:39

Zhangjiagang Bank (002839.SZ): As of January 10, the number of shareholders of the company was 58,999

Gelonghui January 12 | Zhangjiagang Tour (002839.SZ) said on an interactive platform that as of January 10, the number of shareholders of the company was 58,999.

Gelonghui FinanceJan 12 15:06

Trip to Zhangjiagang (002839): Interest rate spread resilience exceeds expectations, bad rate fluctuates at a low level

Guide to this report: The 23Q3 revenue of the Zhangjiagang Bank fell 13.2% year on year due to the high base. The profit growth rate was stable, and the asset quality index fluctuated slightly, but overall it remained at an excellent level. Maintain the target price of 5.95 yuan and maintain an increase in holdings rating.

國泰君安Nov 5, 2023 00:00

Trip to Zhangjiagang (002839): Profit maintains double-digit growth, marginal increase in capital safety

Event: On October 30, the Bank of Zhangjiagang released its 2023 three-quarter report. The first three quarters achieved revenue of 3.53 billion yuan, a year-on-year growth rate of -3.8%, and net profit of 1.4 billion yuan, a year-on-year increase of 10.2%. Weighted average net worth

光大證券Nov 1, 2023 10:42

Bank of Zhangjiagang (002839): Steady investment of credit, declining credit costs

Credit investment was steady. Credit costs declined in January-September to net profit, operating income, and PPOP of +10.2%, -3.8%, and -7.9%, respectively. Growth rates compared to January-June -3.4pct and -5.3pct

華泰證券Oct 30, 2023 00:00