Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Prefers ICBC & CCB for CN Financials, Like CR MIXC/ COLI/ CR LAND for CN Developers
Recommend 62 Positive 83 Negative 56 |
||||
|
||||
|
JP Morgan, in its report, said that its analysts recently visited China and participated in the China Opportunities Forum, during which they met with multiple financial institutions and real estate experts, and the conclusions supported the broker’s positive view on Chinese banks, especially the high-yield stocks. Insurers and bank wealth management products will increase their allocation to equities, and are likely to have a higher preference for high-yield stocks, especially for wealth management product managers, who prefer low volatility products. In addition, state-run banks are devoted to earnings growth in 2025, underpinned by a reduction in NIM narrowing, better fee income growth and a modest improvement in asset quality. The uncertain macroeconomic growth outlook has prompted banks to resist accelerating loan growth, while the real estate market is unlikely to recover quickly. The banking sector also pointed to improving sentiment among retail customers, particularly positive for CM BANK (03968.HK) and FUTU (FUTU.US). For Chinese financials, the broker continued to favor low-volatility high-yield stocks such as ICBC (01398.HK) and CCB (00939.HK), while preferring high quality growth stocks such as FUTU and CMB. In the real estate sector, the broker upheld a positive view on CHINA RES MIXC (01209.HK), while liked CHINA RES LAND (01109.HK) and CHINA OVERSEAS (00688.HK) for Chinese property developers. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
