Bank of Communications International maintaining the banking sector synchronous rating-splitit

Bocom international banking rating: maintain synchronous hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Li Shanshan CFA, Han Jianan CFA, to achieve a smooth Renaissance: the first half of the total profits of listed banks pretax profit rose 1.9% the cost of adjusting the structure, due to the debt of local government debt and other duty-free income increase, the first half of the effective tax rate decreased, profit growth of 2.9%. Earnings growth in the 1 quarter remained relatively stable, the overall compliance with our expectations. The first half of the small bank assets biggest growth is receivables, although such asset risk is low, but the provision rate is still slightly lower. Relatively speaking, the Bank of Beijing is the most adequate provision rate, reaching 2.03%, other banks provision rates below 1%. 1H16 bad net production rate decreased in the 2 quarter, a single quarter of bad net production rate than the overall stable. The first half of 90 days overdue loans within the overall stabilization of the situation continue 2H15, but more than 90 days overdue and bad price scissors to expand, concern accounted for continued upward trend. The whole bad downlink speed tends to be stable over the first half of last year, the worst period eased, but due to the domestic economic outlook is not optimistic about the second half of the downward speed could slow further, and the NPL ratio peaked point is still difficult to expect. The structure of loans, loans accounted for the high risk industry continued to decline, a rise in the proportion of. Rough estimates, excluding camp changed to increase the impact of the 2 quarter of listed banks NIM average decline of about 2 basis points, compared with the average decline of 11 basis points in the 1 quarter slowed down significantly. 2 quarter revenue growth fell, the performance of small banks is relatively prominent, mainly from the generation of financial services, custodian and other business growth, including Ningbo, China Agricultural Bank, Beijing commission fee income growth is still more than 50%. Currently the industry 16 years PE and PB were 5.62 times and 0.80 times, the recent bank shares H shares relative to the average discount rate of A shares narrowed from about 15% to about 8%. To maintain the industry synchronous rating, stocks focus on pre exposure to bad relatively full, poor production slowdown trend clear banks, small banks restructuring efforts in business structure, or region economy, strong small banks. According to the current valuation of CITIC, maintain buy rating, Chongqing commercial bank maintain long-term buy rating. (both) to enter the Sina financial stocks] discussion相关的主题文章: