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Bank of Communications Completes Issue of 26 Billion Yuan Bonds
Bank of Communications Co (HKG:3328) completed the issue of 26 billion yuan tier-2 capital bonds, according to a Monday Hong Kong bourse filing. The bonds were issued in 15 billion yuan and 11 billion
CITIC Securities: Target price of HK$7 for “increase in holdings” rating to Bank of Communications (03328)
CITIC Securities raised Bank of Communications's (03328) earnings estimates per share for 2025 and 26 to RMB 1.21 and RMB 1.29, respectively.
Express News | CITIC Securities: Exchange's interest business volume increased in the first quarter, prices stabilized, ratings increased
Bank Rating | Damo: Target price of HK$3.7 and “reduced holdings” rating for Bank of Communications
Glonghui, April 30 | Morgan Stanley released a report saying that Bank of Communications's revenue for the first quarter of 2024 was the same as the same period last year, and net interest spreads rebounded, but fee revenue declined due to a reduction in the fee ratio. After three years of risk digestion, asset quality improved. Net profit after tax increased by 1.4% year-on-year, and credit costs declined. The bank set a target price of HK$3.7 for H shares, giving it a “reduced holdings” rating. According to the report, the company's net interest spread rebounded 5 basis points to 1.27% quarterly, and expense income recorded a 6.4% year-on-year decline due to falling bank insurance fees and tracking commissions for stock funds; although retail loans rebounded, no
“May Day” consumer loan interest rate war: prices fell below “3”
① Product homogenization is serious, and the bank consumer loan customer base continues to sink, making competition in the industry more intense, and consumer loan interest rates at some stock banks have dropped to the beginning of “2”; ② Against the backdrop of relatively weak residents' desire and demand to buy homes, the bank's retail business is turning its strength into the consumer loan sector. Bank annual reports show a marked increase in overall consumer loans and operating loans for personal use.
Bank of Communications: Proposes Interim Dividend in 2024
Bank of Communications: Proposes Interim Dividend in 2024
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