Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Jefferies: CN Banks to See Steady Improvement This Yr; BANK OF CHINA (03988.HK), BANK OF NINGBO (002142.SZ) Favored
Recommend 37 Positive 70 Negative 27 |
||||
|
||||
|
Jefferies issued a research report expecting Chinese banking sector to deliver steady earnings improvement in 2026 amid a mild macro recovery and low policy swings. The broker forecast that the narrowing of NIM will slacken, which supports a return to growth in NII. It expected PPOP of the covered banks to fully recover in 2026, with earnings hiking approximately 3.4% YoY. Capital flows will continue to support the Chinese banking sector, the report said. In particular, under new accounting standards, insurance companies have stronger incentives to increase allocation to high-yield equities and classify them into FVOCI accounts, and are expected to become persistent and stable marginal buyers. The broker believed the sector offers selective attractiveness, favoring stocks with sustained capital flows and improving earnings visibility. Its H-share and A-share top picks are BANK OF CHINA (03988.HK) and BANK OF NINGBO (002142.SZ), both being rated Buy. Jefferies listed ratings and TPs for Chinese banks: Company and Stock Code | Rating | TP ------------------------------------------------------------------ ICBC (01398.HK) | Buy | HKD8.5 ICBC (601398.SH) | Buy | RMB8.7 ------------------------------------------------------------------ ABC (01288.HK) | Hold | HKD6.6 AGRICULTURAL BANK (601288.SH) | Hold | RMB7.4 ------------------------------------------------------------------ BANK OF CHINA (03988.HK) | Buy | HKD6.3 BANK OF CHINA (601988.SH) | Buy | RMB7.4 ------------------------------------------------------------------ CCB (00939.HK) | Buy | HKD10.6 CCB (601939.SH) | Buy | RMB11.9 ------------------------------------------------------------------ BANKCOMM (03328.HK) | Buy | HKD8.5 BANKCOMM (601328.SH) | Buy | RMB8.5 ------------------------------------------------------------------ PSBC (01658.HK) | Hold | HKD5.1 PSBC (601658.SH) | Hold | RMB5.3 ------------------------------------------------------------------ CM BANK (03968.HK) | Buy | HKD55.0 CMB (600036.SH) | Buy | RMB51.0 ------------------------------------------------------------------ MINSHENG BANK (01988.HK) | Hold | HKD4.1 MINSHENG BANK (600016.SH) | Hold | RMB4.2 ------------------------------------------------------------------ PING AN BANK (000001.SZ) | Buy | RMB13.8 ------------------------------------------------------------------ BANK OF NINGBO (002142.SZ) | Buy | RMB42.1 Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
