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<Research>BOCI: Southbound Funds Favor Bank Stocks with RMB150B+ Net Inflow YTD
Recommend 73 Positive 127 Negative 47 |
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Capital in Mainland China continued to flow into Hong Kong's financial market this year, with expectations that market liquidity will remain abundant in the coming months, BOCI said in its research report. Based on the broker's statistics, southbound net inflow has whopped RMB714.6 billion since the beginning of the year, soaring 100.5% YoY and accounting for 22.42% of the ADT of Hong Kong stocks. BOCI forecast the fundamentals of commercial banks to remain robust in 2H25, with banks steadily expanding their scale, maintaining solid asset quality, and experiencing a slowdown in the narrowing of NIMs. It anticipated that the banks under its coverage will record a slim hike in annual net profit, thus maintaining an Overweight rating on the Hong Kong banking sector. The top pick was ABC (01288.HK), with recommendations also for CM BANK (03968.HK), ICBC (01398.HK), CCB (00939.HK), PSBC (01658.HK), and CEB BANK (06818.HK). AASTOCKS Financial News Website: www.aastocks.com |
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