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<Research>CLSA Lists Sensitivity Test Results on CN Banks' NP Impact in 3 Potential Mortgage Rate Cut Scenarios (Table)
Recommend 38 Positive 66 Negative 31 |
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CLSA released a research report listing the impact on full-year net profit forecasts for Chinese banks from potential mortgage rate cuts at 50/ 60/ 75 bps: Stock│50 bps mortgage rate cut (impact on net profit) │60 bps mortgage rate cut (impact on net profit) │70 bps mortgage rate cut (impact on net profit) PSBC (01658.HK)│-11%│-13.2%│-15.4% CCB (00939.HK)│-8.2%│-9.9%│-11.5% ICBC(01398.HK)│-7.8%│-9.3%│-10.9% BANK OF CHINA (03988.HK)│-7.9%│-9.5%│-11.1% ABC (01288.HK) │-8.0%│-9.6%│-11.2% CM BANK (03968.HK)│-3.8%│-4.6%│-5.3% BANKCOMM (03328.HK)│-7.6%│-9.1%│-10.7% ------------------------------------------------------ The broker also listed the impact on net interest income forecasts for Chinese banks from potential mortgage rate cuts at 50/ 60/ 75 bps: Stock│50 bps mortgage rate cut (impact on net interest income) │60 bps mortgage rate cut (impact on net interest income) │70 bps mortgage rate cut (impact on net interest income) PSBC (01658.HK)│-4.1%│-4.9%│-5.8% CCB (00939.HK)│ -5.4%│-6.4%│-7.5% ICBC(01398.HK)│-4.9%│-5.9%│-6.8% BANK OF CHINA (03988.HK)│-5.2%│-6.3%│-7.3% ABC (01288.HK)│-4.3%│-5.2%│-6.1% CM BANK (03968.HK)│-3.3%│-3.9%│-4.6% BANKCOMM (03328.HK)│-4.3%│-5.2%│-6.0% AAStocks Financial News |
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