Major Bank Ratings | JPMorgan: State-owned Chinese banks have room to increase dividend payout ratios; Bank of China and China Construction Bank are top picks

JPMorgan expects state-owned banks to post mid-to-high single-digit revenue growth over the next two years, along with loan growth that will remain stable before moderating. Compared with 10-year

Gelonghui FinanceSep 10 16:33

China/Hong Kong Market Debut: Dividend Potential of State-Owned Banks, Target Price Hike for Shipbuilding Industry Leader, and Insights into the Automation Sector

Key Views: The scope for dividend increases at major state-owned banks is constrained by the capital adequacy ratio of Postal Savings Bank of China (PSBC), yet dividend growth remains certain. The report notes that under a unified dividend policy, PSBC is the weakest link in terms of capital among state-owned banks. If it is not approved to use the Internal Ratings-Based (IRB) approach for calculating risk-weighted assets, its dividend payout ratio is unlikely to exceed 31%; if it transitions to the IRB approach by 2027, the ratio could theoretically reach 35%, but considering capital consumption driven by non-performing loan formation and a rising share of corporate loans, 33% is a more realistic figure. Although a significant uplift in the dividend payout ratio is not the base-case scenario, based on

CSOPSep 10 12:09

Asia-Pacific Equity Research: SK Hynix ADR Upgraded to Overweight; Implementation of Thai Stock Market Policies Key to Revaluation

Main pointsJPMorgan has initiated coverage of SK Hynix ADR (SKHY), assigning an "Overweight" rating with a price target of $245. Analysts believe the AI-driven storage chip upcycle will last for

CSOPSep 10 12:08

Selected HK Stock Announcements | Muyuan Foods’ commercial pig sales revenue fell by approximately 20% year-on-year in August; Poly Property Group’s annual revenue exceeded RMB 29 billion

1. Muyuan Shares' sales revenue from commercial pigs in August fell by approximately 20% year-on-year; what is the scale of this decline? 2. Poly Property Group's revenue exceeded RMB 29 billion this year; what was its year-on-year growth rate?

cls.cnSep 7 20:57

Bank of China (03988.HK): Completion of the Issuance of 2026 Total Loss-Absorbing Capacity Non-Capital Bonds (Tranche II) (Bond Connect)

Gelonghui, September 7 — Bank of China (03988.HK) announced that, with approval from the relevant regulatory authorities, it issued total loss-absorbing capacity (TLAC) non-capital bonds in the national interbank bond market on September 3, 2026, and completed the issuance on September 7, 2026. The total issuance size of this tranche was RMB 40 billion, comprising two tranches: Tranche 1, with an issuance size of RMB 20 billion, is a four-year fixed-rate bond with a coupon rate of 1.69% and includes a conditional issuer redemption right at the end of the third year; Tranche 2, with an issuance size of RMB 20 billion, is a six-year fixed-rate bond,

Gelonghui FinanceSep 7 17:28

[HK Stocks] Hang Seng Index closes down 237 points; Baidu falls 4.7%; blue-chip newcomer Hua Hong Semiconductor rises nearly 5%; Zhongji Innolight surges 20%

The three major U.S. stock indices softened as the latest U.S. non-farm payrolls showed a surprisingly significant increase, bolstering market expectations for Federal Reserve rate hikes. This morning (the 7th), the Hang Seng Index opened 2 points higher but trended downward, falling as much as 288 points to a low of 25,362. It closed at 25,413, down 237 points or 0.93%, with total market turnover reaching HKD 209.673 billion. The Hang Seng Tech Index closed at 4,527, down 42 points or 0.92%, while the Hang Seng China Enterprises Index closed at 8,429, down 125 points or 1.46%. Leading technology and internet stocks showed mixed performance; Baidu (09888.HK), which was included in the Stock Connect list,...

AASTOCKSSep 7 16:35