601528 Zhejiang Shaoxing RuiFeng Rural Commercial Bank
- 4.98
- +0.03+0.61%
Zhejiang Shaoxing RuiFeng Rural Commercial Bank News
Changjiang Securities: Real estate policy accelerates bank stock valuation repair
Real estate policies accelerate the systematic valuation of bank stocks and repair the current round of real estate policy levels have exceeded expectations, and the market will continue to observe and price the new real estate policy. If the real estate market stabilizes, it will support the systematic restoration of bank stock valuations.
The A-share banking sector fluctuated higher, and Ruifeng Bank rose more than 2%
Glonghui, May 21 | Shanghai Agricultural Commercial Bank rose more than 3%; Sunong Bank, Jiangyin Bank, and Ruifeng Bank rose more than 2%; Bank of Nanjing and Bank of Suzhou followed suit.
Changjiang Securities: Expectations to improve asset quality drive bank stock valuation repair
The Zhitong Finance App learned that Changjiang Securities released a research report saying that PB valuations of bank stocks have been completely “broken” since the second half of 2023. Among them, urban investment and real estate risks are the core influencing factors. As CITIC Chemical Bonds mitigate liquidity risks, the real estate policy will be further relaxed, which will strengthen the logic of improving asset quality, open up valuation limits, and be optimistic that the valuation of high-quality bank stocks will return above 1.0xPB. At the individual stock level, we focus on recommending China Merchants Bank (600036.SH), which has both high dividends and real estate attributes, Changshu Bank (601128.SH), a high-performing stock driven by recovery expectations, and in-depth adjustments from 2023
Bank stocks fluctuated and rallied, with Bank of Suzhou leading the way, Bank of Nanjing, Bank of Qilu, Ruifeng Bank, Ping An Bank, and Bank of Changsha.
Bank stocks fluctuated and rallied, with Bank of Suzhou leading the way, Bank of Nanjing, Bank of Qilu, Ruifeng Bank, Ping An Bank, and Bank of Changsha.
Ruifeng Bank (601528): Q1 revenue maintained rapid growth, asset quality remained stable
Key investment points: Rui Fung Bank's 24Q1 revenue maintained rapid growth, asset quality remained stable, and we gave it a “superior to the market” rating. The 24Q1 revenue growth rate maintained rapid growth. Rui Fung Bank's revenue growth rate in 2024Q1 was 15
Taking over the shares of the former top 500 private enterprises, Keqiao Transformation and Upgrading Company will become the second largest shareholder of Shaoxing Bank and the largest shareholder of Ruifeng Bank at the beginning of the year
① The Shaoxing Bank shareholder qualification of Keqiao Transformation and Upgrading Company was approved, and the supervisory authority agreed to transfer a total of 9.12% of the shares of Jinggong Group and Shaoxing Zhongfu. ② The transferred shares indicate that all of them have been pledged. A relevant person from the board of directors of Shaoxing Bank said that the transfer will greatly ease shareholders' equity pledge issues. ③ The actual controller of Keqiao Transformation and Upgrading Company is the Keqiao District Finance Bureau. It just completed the transfer in February this year to become the largest shareholder of Ruifeng Bank.
The A-share banking sector fluctuated and rose in the afternoon. Bank of Ningbo and Shanghai Agricultural Commercial Bank rose more than 3%, Postbank and China Merchants Bank rose more than 2%, and Ruifeng Bank, Bank of Hangzhou, SPD Bank, and Bank of Che
The A-share banking sector fluctuated and rose in the afternoon. Bank of Ningbo and Shanghai Agricultural Commercial Bank rose more than 3%, Postbank and China Merchants Bank rose more than 2%, and Ruifeng Bank, Bank of Hangzhou, SPD Bank, and Bank of Chengdu followed suit.
Shen Wan Hongyuan: Delivering at the bottom of 24Q1 results focuses on high-quality urban agricultural commercial banks whose valuations are close to the sector average
The Zhitong Finance App learned that Shen Wan Hongyuan released a research report saying that the first quarterly report was the fulfillment of expectations to the bottom of performance. The period of greatest pressure on banking performance throughout the year was also the first half of the year. High dividend returns with stable profits and stable dividends in the banking sector are still the focus of short-term market capital. At the same time, attention should be paid to internal sector rotation and focus on high-quality urban agricultural commercial banks whose valuations are close to the average level of the sector. In terms of individual stocks, grasp the two main lines of “high-quality growth” and “steady dividends”. Recommended targets: 1) High-quality regional banks with better performance than peers and dynamic high dividend attributes, Bank of Suzhou (002966.SZ), Sunong Bank (
Rui Fung Bank (601528): Performance growth underlies overall revenue growth in the three categories
The incident describes the release of Rui Fung Bank's 2024 quarterly report. Operating revenue increased 15.3% year over year, with net interest income up 5.6% year on year and net profit to mother up 14.7% year on year. The non-performing loan ratio remained flat at 0.97%, adjusted
Ruifeng Bank (601528): High scale+superior investment return performance supports both revenue and profit growth
Incident: Rui Fung Bank released its quarterly results, achieving operating income of 1.06 billion yuan (+15.3% YoY), net profit to mother of 40 million yuan (YoY +14.7%), and a non-performing rate of 0.97% at the end of March, which was the same. Performance:
Rui Fung Bank (601528): Interest spreads stabilized and increased non-interest rates
Investment Highlights 24Q1 Rui Fung Bank's revenue increased 15.3% year over year. Thanks to the narrowing of the month-on-month decline in interest spreads, there was a high increase in non-interest rates. Performance Overview Ruifeng Bank's 24Q1 revenue increased 15.3% year over year, and the growth rate rebounded 7.4 from 23A
Ruifeng Bank (601528): Revenue achieved a 15% increase in revenue and stable asset quality
The performance achieved good growth. The first quarter of 2024 achieved revenue of 1,055 million yuan (YoY, +15.3%) and net profit to mother of 398 million yuan (YoY, +14.7%). Weighted average annual ROE 9.4
Rui Fung Bank (601528) 2024 Quarterly Report Review: Revenue Exceeds Expectations, Interest Spread Declines
Matters: On the evening of April 26, Rui Fung Bank disclosed its 2024 quarterly report. 1Q24 achieved operating income of 1,055 billion yuan, an increase of 15.3% over the previous year, an increase of 7.4 pct over 2023; net profit to mother3
Ruifeng Bank (601528.SH) announced first-quarter results, net profit of 398 million yuan, up 4.69% year on year
According to the Zhitong Finance App, Ruifeng Bank (601528.SH) disclosed its report for the first quarter of 2024. During the reporting period, the company achieved revenue of 1,055 billion yuan, an increase of 15.32% year on year; net profit to mother was 398 million yuan, up 4.69% year on year; after deducting non-net profit of 394 million yuan, an increase of 16.57% year on year. Basic earnings per share were 0.2 yuan.
Ruifeng Bank (601528): High return on investment and consolidation of asset quality
Investment income was high, and asset quality consolidated Ruifeng Bank's net profit and operating income from January to March, +14.7% and +15.3%, respectively. The growth rate was +1.7pct and +7.4pct compared to 2023, and January-March
How to deal with the decline in capital adequacy ratio? Will the lifting of the ban impact stock prices? How is net interest spread managed? Ruifeng Bank responds to market concerns one by one
① Rui Fung Bank Governor Chen Gangliang said that it will develop a non-interest income business and enhance endogenous capital replenishment capabilities. ② Net interest spreads have been declining for three consecutive years. Chairman Wu Zhihui said that it is expected that the problem of continuing to decline in net interest spreads in 2024 will be mitigated. ③ Investors are concerned about the pressure to lift the ban on a large scale in June. Wu Zhihui said back that the relevant shareholders are willing to maintain a long-term and stable investment relationship with the bank.
Rui Fung Bank (601528) 2023 Annual Report Review: Non-interest Support Performance Accelerates Equity Investment
Incident: Rui Fung Bank released its 2023 annual report. During the reporting period, the company achieved operating income of 3.84 billion yuan, +7.90% year over year; realized net profit to mother of 1,727 billion yuan, +13.04% year over year; ROE
Ruifeng Bank (601528): Q4 revenue maintained double-digit growth, asset quality remained stable
Investment highlights: Rui Fung Bank's Q4 revenue reached double-digit growth, the inclusive science and innovation business further developed, and asset quality continued to improve. We continue to be optimistic about Ruifeng Bank and give it a “superior to the market” rating. Q4 Revenue reached double digits
Zhongtai Securities: State-owned banks all achieved positive profit growth in 2023. Prefer urban agricultural commercial banks with cheaper valuations for investment
The economy determines bank stock selection logic. Weak and strong economic recovery correspond to different target varieties, and bank stocks have steady and defensive properties.
Rui Fung Bank (601528): Revenue +7.9% increase in overdue rate driven by non-interest
Annual Report Overview: Non-interest led to an increase in revenue growth, increase in reserve planning, and increase in net profit by 13.0%. The cumulative year-on-year revenue growth rate for the fourth quarter of 2023 was 0.7 percentage points higher than in the third quarter to 7.9% due to the contribution of non-interest income;
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