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
Bank of Communications (601328): Net interest spreads take the lead in stabilizing, and revenue resilience exceeds expectations
Description of the incident, Bank of Communications released its 2024 quarterly report. 2024Q1 revenue grew at a year-on-year rate of -0.03% (growth rate of 0.3% for the full year of 2023), and net profit to mother grew by 1.4% (0.7% growth rate for the full year of 2023)
Express News | Looking at the quarterly reports of the six major banks: steady business performance is preparing for mid-term dividends
Express News | Bank of Communications: Plans to implement mid-term dividends in 2024
Will dividends be the standard for the banking industry more than once a year? The four major banks collectively revealed the mid-term dividend arrangement. ICBC made it clear that the annual dividends will deduct the portion already distributed
After several urban commercial banks mentioned mid-term dividends one after another, major state-owned banks made the final decision tonight.
Bank of Communications (03328) completed the issuance of 26 billion yuan of secondary capital bonds
Bank of Communications (03328) issued an announcement. With approval from the State Administration of Financial Supervision and Administration and the People's Bank of China, the bank recently...
Bank Ratings | Goldman Sachs: Raised Bank of Communications's H Shares Target Price to HK$3.43 but Maintains “Sale and Sale” Rating
Glonghui, April 29 | Goldman Sachs released a report indicating that the Bank of Communications's profit and net profit both beat the bank's expectations before making the first quarter, and the net interest spread increased to 1.2% quarterly, 11 basis points higher than the bank's expectations. The increase in net interest spreads mainly accelerated to 7% year-on-year growth in credit loans, which was higher than the 4% year-on-year increase in total assets; the share of high-yield loans in interest-bearing assets expanded, boosting the yield on interest-bearing assets. In summary, bank loans grew faster than deposits (2% year-on-year increase), leading to a quarterly improvement in net interest spreads. However, investors are more concerned about transaction risk-weighted assets (RWA) and capital conditions. According to the report, the Bank of Commerce did not disclose RW
Bank of Communications' Q1 Profit Jumps 1.4% on Marginal Rise in Net Interest Income
Bank of Communications' (SHA:601328, HKG:3328) attributable profit rose 1.4% to 25 billion yuan in the first quarter from 24.6 billion yuan in the year-ago period, according to a Friday filing with th
Hong Kong Market Overview | The Hang Seng Index has risen six times in a row! Domestic housing stocks strengthened across the board, and Shimao Group soared more than 60%
Auto stocks improved. Evergrande Auto rose nearly 12%, and Zero Run rose more than 8%; big financial stocks generally rose, AIA Insurance rose more than 6%, and the Bank of China rose nearly 5%.
Express News | CITIC Securities: The bank's first quarter results are expected to be relatively low for the whole year
Featured announcements | The total amount of AIA share repurchase plans increased to US$12 billion; Sinopec's net profit for the first quarter decreased 8.9% year-on-year
China Shenhua's net profit for the first quarter was 15.884 billion yuan, a year-on-year decrease of 14.7%; China Life Insurance's net profit for the first quarter was 20.644 billion yuan, a decrease of 9.3% year-on-year.
Bank of Communications (601328): Interest spreads rebounded beyond expectations
Investment highlights 24Q1 Bank of Communications's profitability resilience, and interest spreads have rebounded beyond expectations. Data Overview Bank of Communications's net profit in 24Q1 increased 1.4% year on year, up 0.8 pc from 23A; revenue remained flat year on year, with a year-on-year growth rate compared to
Central Bank Shanghai Headquarters: The trend of fixed-term household deposits weakened in the first quarter. Industry: residents' savings gradually returned to normal
① In the first quarter, the financing needs of Shanghai enterprises picked up marginally, and the growth rate of residents' loans picked up. Against the backdrop of a continuous decline in interest rates on deposits, residents' acceptance of financial management increased. ② The “Administrative Measures on Bank Foreign Exchange Exhibition Business (Trial)” came into effect this year. Currently, more than 10 corporate banks in Shanghai intend to carry out exhibition reforms. It is expected that the first batch of banks to launch the exhibition industry will complete the exhibition industry reform and implement pilot business in the second half of this year.
Bank quarterly reports have been released one after another: the net profit of commercial banks in many cities in the Yangtze River Delta has increased by double digits, interest spreads have narrowed, and the plight of handling fee revenue has not change
① The revenue growth rate of some banks slowed in the first quarter due to factors such as the decline in net interest income and continued bank concessions to the real economy. ② In the first quarter, there was also an obvious downward trend in bank intermediary revenue
Bank of Communications (601328) 2024 Quarterly Report Review: Price and quality margins are improving, profit is growing steadily
Matters: On the evening of April 26, Bank of Communications disclosed its 2024 quarterly report. 1Q24 achieved operating income of 67.059 billion yuan, -0.03% year-on-year, and net profit to mother of 24.988 billion yuan, +1.44 billion yuan year-on-year
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