Zhitong Hong Kong Stock Connect Shareholding Analysis|May 3
According to data disclosed on May 2, 2024, Marco Digital Technology (01942.HK), Shandong Molong (00568.HK), and Kaisheng Xinneng (01108.HK) ranked in the top 3 shares of Hong Kong Stock Connect, with 69.09%, 66.92%, and 64.27% respectively. In addition, Bank of China (03988.HK), Hong Kong Stock Exchange (00388.HK), and Shangtang-W (00020.HK) saw the biggest increases in shareholding during the five recent trading days, with statistics of +3.164 billion yuan, +912 billion yuan, and +700 billion yuan respectively; US
Bank of China (601988) 2024 Quarterly Report Review: The share of non-interest income has increased, and the non-performing rate has been declining steadily
Incident: On April 29, the Bank of China released its report for the first quarter of 2024. During the reporting period, it achieved operating income of 1608 billion yuan, a year-on-year decrease of 3%, and net profit to mother of 56 billion yuan, a year-on-year decrease of 2.9%. Weighted average net asset income
Data reveal | What did Beishui buy in April? Bank of China sold over HK$10.5 billion and Tencent raised over HK$5.3 billion
Since July 2023, the southbound capital has maintained a net inflow for 10 consecutive months, with a cumulative net purchase of HK$408.792 billion during this period.
Zhitong Hong Kong Stock Connect Shareholding Analysis|May 1
According to data disclosed on April 30, 2024, Marco Digital Technology (01942.HK), Shandong Molong (00568.HK), and Kaisheng Xinneng (01108.HK) ranked in the top 3 shares of Hong Kong Stock Connect, with 68.10%, 66.93%, and 64.41% respectively. In addition, Bank of China (03988.HK), Hong Kong Stock Exchange (00388.HK), and Kuaishou-W (01024.HK) saw the biggest increases in shareholding during the five recent trading days, with statistics of +2,423 billion yuan, +1,408 billion yuan, and +926 million yuan, respectively
Bank of China (601988): Profits under slight pressure
Key investment points The Bank of China's 24Q1 profits are under slight pressure; looking ahead to the whole year, the profit growth rate is expected to return to 0%. Data Overview Bank of China's net profit to mother fell 2.9% year on year in 24Q1; revenue fell 3.0% year on year. Bank of China end of 24Q1
Express News | Li Yunze attended the Sino-French financial sector round table with Bank of France Governor and Chairman of the French Prudential Regulation and Disposal Authority de Gallo
Zhitong Hong Kong Stock Connect Active Trading | April 30
On April 30, 2024, CNOOC (00883.HK), Bank of China (03988.HK), and Tencent Holdings (00700.HK) ranked in the top 3 of Shanghai-Hong Kong Stock Connect (southbound) turnover, with turnover of 1,578 billion yuan, 1,159 billion yuan, and 1,060 billion yuan respectively; Tencent Holdings (00700.HK), Meituan-W (03690.HK), and CNOOC (00883.HK) ranked in the top 3 transactions of Shenzhen-Hong Kong Stock Connect (Southbound) The turnover was $925 million and 9.18, respectively 100 million yuan, 636 million yuan
Express News | The Ministry of Water Resources and the Bank of China jointly issued the “Guiding Opinions on Financial Support for the High-Quality Development of the Water-Saving Industry”
Southbound Capital bought the Bank of China for a net purchase of $1,061 million and sold Meituan for $377 million
Glonghui, April 30 | Southbound Capital made a net purchase of HK$3.249 billion in Hong Kong stocks today. Among them, Bank of China, China Construction Bank and China Mobile received net purchases of HK$1,061 million, HK$127 million, and HK$115 million respectively. Meituan-W had the highest net sales volume, amounting to HK$377 million.
Beishui Trends | Beishui Trading's net purchases of 3.249 billion domestic bank stocks and domestic housing stocks are now divided, and China Mobile (00941) has increased its positions
On April 30, in the Hong Kong stock market, Beishui made a net purchase of HK$3,249 million, of which the Hong Kong Stock Connect (Shanghai) transaction made a net purchase of HK$2.77 billion and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$479 million.
Express News | Southbound Capital made a net purchase of 3.249 billion yuan today. On the Hong Kong Stock Connect (Shanghai) side, Bank of China and China Mobile received net purchases of HK$1,061 million and HK$143 million respectively; CNOOC had the highest net sales
Big Bank Ratings|Citibank: Maintaining the Bank of China's “buy” rating, first-quarter revenue and profit were weaker than peers
According to a report published by Citibank, the Bank of China's operating profit before provision for the first quarter was 106.7 billion yuan, down 5.2% from year to year. The net profit growth after tax was slightly better than expected, but it still fell 2.9% year-on-year to 56 billion yuan, which is equivalent to a forecast of 24.8% for the full year, mainly due to increased provision expenses. The return on shareholders' equity was 9.9%, down 118 basis points from year to year. According to the report, the main positive news included steady growth in loans, 4.6% quarterly and 12.4% year-on-year, mainly driven by local loans. Deposits grew 5.2% quarterly and 10% year-on-year. In terms of asset quality, no
Major Bank Ratings | Bank of America: Raising Bank of China Target Price to HK$3.95 to Maintain “Buy” Rating
Glonghui, April 30 | Bank of America said that the Bank of China's net profit for the first quarter fell 2.9% year-on-year to 56 billion yuan, 24% of the bank's full-year forecast. Core earnings fell 5.2% year-on-year to 27% of the full-year forecast. According to the bank, the Bank of China's growth trend is weak compared to other state-owned banks, partly based on the Bank of China's strong profit performance in the first quarter of last year, which benefited from overseas and foreign exchange business at the time. The common equity tier 1 capital ratio increased by 39 points quarterly to 12%, and the return on equity fell 1.3 percentage points to 9.4% year-on-year. The bank kept its profit forecast for the Bank of China unchanged. The target price was raised from HK$3.8 to HK$3.95, based on the cut
Bank of China (601988): Risk offsetting capacity increases, medium-term dividends are expected to be implemented
1Q24's performance was slightly lower than our expected 1Q24 operating income/profit before provision and net profit of -3.0%/-5.2%/-2.8% YoY. The net interest revenue decline exceeded expectations, leading to slightly lower performance than expected. Development trend camp
Bank of China (601988): Credit growth is steady, capital adequacy ratio is rising
Core view: The Bank of China released its 2024 quarterly report: 24Q1 revenue, PPOP, and net profit to mother increased by -3.0%, -4.9%, and -2.9% year-on-year respectively, and the growth rate changed by -9.4pc from 23, respectively
Express News | The national team appeared as the top ten tradable shareholders with a total of 296 individual shares in the fourth quarter
Bank of China: Higher Impairment Losses, Expenses Among Factors Weighing on Results >3988.HK
Bank of China: Higher Impairment Losses, Expenses Among Factors Weighing on Results >3988.HK
Bank of China 1Q Net CNY55.99B Vs. Net CNY57.66B >3988.HK
Bank of China 1Q Net CNY55.99B Vs. Net CNY57.66B >3988.HK
Bank of China (601988): Asset growth remains steady, net interest spreads continue to decline
The growth rate of earnings remained stable in the first quarter. The company achieved revenue of 160.818 billion yuan (YoY, -3.01%) and net profit of 55.989 billion yuan (YoY, -2.90%) in the first quarter of 2024. Company 1
Express News | Bank of China and China Huadian sign comprehensive strategic cooperation agreement
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