Industrial Bank (601166): Debt cost control has achieved remarkable results, and interest spreads have gradually stabilized
Incident: Industrial Bank released its quarterly report for 2014. In 24Q1, it achieved revenue of 57.751 billion yuan, +4.22% year over year, growth rate +9.42PCT compared to 23; net profit to mother was 24.336 billion yuan, year-on-year
Guolian Securities released a research report on April 28 stating that it gave Industrial Bank (601166.SH) a purchase rating and the target price was 20.35 yuan. The main reasons for the rating include: 1) the share of current accounts driven by public cr
Guolian Securities released a research report on April 28 stating that it gave Industrial Bank (601166.SH) a purchase rating and the target price was 20.35 yuan. The main reasons for the rating include: 1) the share of current accounts driven by public credit; 2) interest spreads are still strong; 3) overall asset quality is stable, and bad pressure may increase. (Mainichi Keizai Shimbun)
Chen Xinjian, Governor of Industrial Bank: Revenue growth in the first quarter was good, and the decline in net profit narrowed
Gelonghui, April 26 | At the results conference, Societe Generale Bank Governor Chen Xinjian said that in the next 8 months, Societe Generale Bank is confident to ensure that this year's revenue and profit outperform the general trend. The increase in revenue showed good performance, while the decline in profit narrowed somewhat. Looking ahead to annual revenue and profit trends in the first quarter, Industrial Bank added 217.1 billion yuan to public loans, and the yield on newly issued loans reached 4.10%, contributing the most to revenue. Chen Xinjian believes that in the first quarter, the deposit side of Industrial Bank achieved a balance between “stabilizing scale” and “reducing costs”. The external situation in the next stage should be more beneficial to Industrial Bank's “cost reduction”, and Industrial Bank also
Ping An Securities released a research report on April 26 stating that it gave Industrial Bank (601166.SH) a highly recommended rating. The main reasons for the rating include: 1) the decline in profit has narrowed, and the revenue growth rate is superior
Ping An Securities released a research report on April 26 stating that it gave Industrial Bank (601166.SH) a highly recommended rating. The main reasons for the rating include: 1) the decline in profit has narrowed, and the revenue growth rate is superior to that of peers; 2) interest spreads have narrowed slightly from month to month, and the asset structure has been actively optimized; 3) the non-performing rate has remained flat month-on-month, and provisions have remained stable. (Mainichi Keizai Shimbun)
Beishui once again increased its holdings of the Bank of China by nearly HK$900 million and surpassed Meituan by nearly HK$800 million; Nanshuibong made a record purchase of 22.4 billion yuan
On April 26 (Friday), Southbound made net purchases of HK$1,174 million in Hong Kong stocks today. Kuaishou-W and HKEx received net purchases of HK$500 million and HK$117 million respectively.
Nomura Adjusts Industrial Bank's Price Target to 16.92 Yuan From 16.26 Yuan, Keeps at Buy
04:38 AM EDT, 04/26/2024 (MT Newswires) -- Nomura Adjusts Industrial Bank's Price Target to 16.92 Yuan From 16.26 Yuan, Keeps at Buy Price (RMB): ¥16.43, Change: ¥+0.26, Percent Change: +1.61%
Research Report: GF Securities: Maintaining Industrial Bank's “Buy” Rating, Q1 Revenue Growth Rate Rebounded Significantly
Gelonghui, April 26 | Guangfa Securities Research Report pointed out that the 24Q1 revenue growth rate of Industrial Bank (601166.SH) showed a marked recovery, and the profit growth rate is expected to have passed its low point. In terms of performance drivers, the expansion of scale, other income and expenditure, the decline in the cost-to-revenue ratio, and the reduction in the effective tax rate have contributed positively, while factors such as narrowing net interest spreads, net handling fee revenue, and provision accruals are a drag. Looking ahead, as bad stock pressure recedes, the quality of the company's operations is expected to return to the forefront of the industry. Taking into account the company's historical PB (LF) valuation center and fundamentals, maintain the company's reasonable value of 30.95 yuan per share, corresponding to 24 years
Express News | Industrial Bank Lin Shu: There may be no room for reduction in deposit interest rates in the near future
Industrial Bank (601166): Revenue growth has clearly rebounded, and the low profit growth rate has passed
Industrial Bank released its 2024 quarterly report. 24Q1 revenue, PPOP, and net profit to mother increased by 4.2%, 7.3%, and -3.1% year-on-year respectively. The growth rates changed by +9.42pct and +13, respectively, compared with 23 years.
Industrial Bank (601166): Revenue growth exceeds expectations, net interest spreads are resilient
1Q24 profit was in line with our expectations, and revenue was slightly higher than our expected 1Q24 revenue growth of 4.2% year-on-year, slightly exceeding our expectations, mainly due to the lower decline in net interest spread and the net interest income performance slightly exceeded expectations; net return to mother
Industrial Bank (601166): Positive year-on-year increase in revenue, steady increase in net interest income
The first quarter achieved a positive year-on-year increase in revenue. The company achieved revenue of $57.751 billion (YoY, +4.22%) and net profit of 24.336 billion yuan (YoY, -4.17%) in the first quarter of 2024. Of which revenue
Express News | Societe Generale Bank: Net profit for the first quarter fell 3.1% year on year
Industrial Bank (601166): Starting point for recovering profit momentum
Investment point 24Q1 Industrial Bank's profit momentum has been significantly restored, making a good start to achieving stable revenue and stable profit throughout the year 2024. Optimistic about the investment opportunities of Industrial Bank's “next major bank”, high dividends+undervaluation+low holdings+indices
Express News | Green Finance Scan of Listed Banks: Rapid Credit Growth and Continued Enrichment of Product Lines
Express News | Leveraged capital stocks revealed this week, Cyrus took the lead
Express News | Will stock transfers be considered in 2024? Societe Generale Bank: No plans yet
Express News | Industrial Bank: Determine a reasonable dividend policy and ratio by comprehensively considering factors such as the business environment and capital conditions
Express News | Market news: Société Générale will sell the equipment finance division to BPCE Bank of France at a price of 1.1 billion euros.
Express News | A number of banks in Beijing are in a hurry with 3-year and 5-year large deposit statements
Industrial Bank (601166): The next major bank with high dividends
Key investment points Societe Generale Bank has high dividends, undervaluation, low holdings, and low expectations. The fundamentals have bottomed out. The logic is similar to that of major high-dividend banks, and it is expected to usher in a valuation repair. What is the core logic of Industrial Bank? ——Industrial Bank is expected to be the next major bank with high dividends
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