01658 PSBC
- 4.170
- +0.090+2.21%
PSBC News
Most domestic bank stocks rose higher in Hong Kong. China Merchants Bank rose more than 4%, Postbank and China Everbright Bank rose more than 3%, and Agricultural Bank and China CITIC Bank rose more than 2%.
Most domestic bank stocks rose higher in Hong Kong. China Merchants Bank rose more than 4%, Postbank and China Everbright Bank rose more than 3%, and Agricultural Bank and China CITIC Bank rose more than 2%.
Postbank (601658): Strong net interest income growth rate on deposits and loans rebounded
The growth rate of net interest income rebounded slightly, and the profit growth rate declined somewhat. As of 24Q1, the cumulative year-on-year growth rates of the Postbank's revenue, PPOP, and net profit to mother (same below) were 0.8 pct and +0.9p, respectively, compared to the end of 2023
Postbank (601658): Revenue leader
Key investment points Postbank 24Q1 revenue increased 1.4% year-on-year, leading the market in growth rate. Data Overview The net profit of the Postbank in 24Q1 fell 1.3% year on year; revenue increased 1.4% year on year. Postbank's negative rate at the end of 24Q1
Postbank (01658.HK) Quarterly Report Review: Positive Revenue Growth, Stable Asset Quality
Incident: The Postbank disclosed its 2024 quarterly report. In the first quarter of 2024, the Postbank achieved revenue of 89.43 billion yuan, an increase of 1.4% year-on-year, and net profit to mother of 25.93 billion yuan, a year-on-year decrease of 1.3%. Up to 2
Postbank (601658) 2024 Quarterly Report Review: Mid-term Revenue Drags Down Revenue and Debt Highlights
Matters: On the evening of April 29, the Postbank disclosed its 2024 quarterly report. 1Q24 achieved operating income of 89.43 billion yuan, a year-on-year increase of 1.44%. The growth rate decreased by 0.8 pct compared to 2023; net profit to mother
Bank Ratings | Citibank: Earnings are objective after the release of “buy” rating provisions for Postbank
Glonghui, April 30 | Citibank's profit for the first quarter of 2024 fell 6.1% year-on-year, mainly because weak operating efficiency outpaced strong growth in loan growth and handling fee revenue. Net profit grew slightly better after tax, but it still declined by 1.3% year-on-year to US$25.9 billion during the period, mainly due to lower credit costs and lower effective tax rates. The return on assets and return on shareholders' equity for the first quarter of 2024 decreased by 8 basis points and 104 basis points to 0.65% and 13%, respectively. The bank set its target price for H shares at HK$5.36, giving it a “buy” rating. The report said that although the company 202
Postbank (601658): Contribution to Public Loans Expands Q1 Deposit Cost Ratio Declines Again
Incident: On the evening of April 29, the Postbank disclosed its financial report for the first quarter of 2024: Q1 achieved operating income of 89.43 billion yuan, +1.44% year-on-year, leading the six major banks in year-on-year revenue growth; achieving net profit of 25.93 billion yuan
Postbank (601658): Profit slightly negative increase, asset quality is superior to peers
Matters: The Postbank released its 2024 quarterly report. In 24Q1, it achieved operating income of 89.4 billion yuan, a year-on-year increase of 1.4%, and realized net profit to mother of 25.9 billion yuan, a negative increase of 1.3% over the previous year. The annualized weighted average ROE was
Postbank (601658): Revenue continues to grow positively
Revenue continued to grow positively. The first quarter of 2024 achieved operating income of 89.4 billion yuan, an increase of 1.4% over the previous year. The growth rate fell 0.9 percentage points from last year's annual report, and continued to maintain positive growth; of this, net interest income was 71.6 billion yuan.
Selected announcements | BYD's net profit for the first quarter increased by nearly 11% year-on-year; CNPC's profit for the first quarter exceeded 45 billion yuan
ICBC's first quarter revenue fell nearly 3% year on year; Vanke Enterprise's first quarter revenue fell by more than 10% year on year.
Postbank (601658): Deposit costs are declining, asset quality is steady
Core view: The Postbank released its report for the first quarter of 2024. Our comments are as follows: 24Q1 revenue, PPOP, and net profit to mother increased by 1.4%, -6.1%, and -1.3% year-on-year, respectively. The growth rate was different from 23
The quarterly reports of the six major banks were all unveiled on April 29. The six major state-owned banks, ICBC, Agricultural Bank, Bank of China, CCB, CCB, and Postbank, made a total profit of 351,759 billion yuan. In contrast to the slowdown in net pr
The quarterly reports of the six major banks were all unveiled on April 29. The six major state-owned banks, ICBC, Agricultural Bank, Bank of China, CCB, CCB, and Postbank, made a total profit of 351,759 billion yuan. In contrast to the slowdown in net profit growth, the six major banks are actively slowing down large-scale growth in an effort to maintain stable asset quality and seek a new balance between “volume, price, and insurance.” Furthermore, ICBC, Agricultural Bank, Bank of China, and CCB are planning to implement mid-term dividends. On the evening of April 29, the four banks issued an announcement at the same time stating that they will consider implementing the 2024 interim dividend. The total dividends will account for no more than 30% of the net profit attributable to shareholders of the parent company. (Shanghai Securities Report)
Postbank (601658): Revenue resilience highlights cost optimization can be expected
Revenue resilience is prominent. Cost optimization can be expected. The Postbank's net profit and operating income from January to March were -1.2% and +1.4%, respectively. It is the only company among the six major banks to achieve positive revenue growth, and revenue resilience is outstanding. 1-3 month annualization
Will dividends be the standard for the banking industry more than once a year? The four major banks collectively revealed the mid-term dividend arrangement. ICBC made it clear that the annual dividends will deduct the portion already distributed
After several urban commercial banks mentioned mid-term dividends one after another, major state-owned banks made the final decision tonight.
Postbank (01658.HK) plans to renew Deloitte Huayong as the 2024 accounting firm
The Postbank (01658.HK) issued an announcement. The bank's board of directors agreed to renew Deloitte Huayong Certified Public Accountants (Special General Partnership) and Deloitte Guan Huang Chen Fang as the bank's 2024 accounting firms to respectively provide the 2024 audit and related services for the bank's financial statements prepared in accordance with Chinese corporate accounting standards and international financial reporting standards.
Express News | Postbank's first quarter revenue increased 1.44% year over year, net interest spread 1.92%
Postal Savings Bank of China 1Q Net Interest Income CNY127.40B Vs. CNY121.20B >1658.HK
Postal Savings Bank of China 1Q Net Interest Income CNY127.40B Vs. CNY121.20B >1658.HK
Express News | The first quarter of the Postbank (01658.HK) had net profit of 25.93 billion yuan and net interest income of 71.57 billion yuan.
郵儲銀行：2024年第一季度報告
Postbank (01658.HK) nominates Yu Mingxiong as a candidate for non-executive director
Gelonghui, April 29 | Postbank (01658.HK) announced that the board of directors of the company held a meeting on April 29, 2024 to review and pass the proposal to nominate Mr. Yu Mingxiong as a candidate for the Bank's non-executive director. The bill to elect Mr. Yu Mingxiong as a non-executive director of the Bank will be submitted to the Bank's shareholders' meeting for consideration.
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