Original title: 12 A-share banks reported good results, and 42 individual stocks collectively “floated red”
All 42 stocks in the banking sector were in the red, and the sector rose 1.6%, ranking among the top gainers.
The banking sector broke out collectively on January 18, and the sector rose 1.6%, ranking among the top. The new stock Lanzhou Bank took the lead and closed at 5.65 yuan per share, which was 58.2% higher than the issue price of 3.57 yuan per share.
Lanzhou Bank’s listing for two consecutive days of daily limit
The listing of Lanzhou Bank’s new shares not only did not break, but also increased the limit for two consecutive days. Following the 43.98% rise of the bank on January 17, Lanzhou Bank continued to rise sharply on January 18, and the daily limit was sealed at the opening. As of the close, the bank continued to seal the daily limit at 5.65 yuan per share.
With the successful listing of Bank of Lanzhou, the A-share banking sector expanded to 42, and the listed city commercial banks expanded to 17.
As the first “breaking net” new shares issued in the A-share banking sector, Lanzhou Bank took on a lot of “breakthrough” questions before its listing. However, in terms of price-earnings ratio, the current 19 times price-earnings ratio of Lanzhou Bank is still higher than the industry average. As of January 18, the average rolling price-earnings ratio of 16 city commercial banks except Lanzhou Bank was 7.22 times, and the median was 7 times. The highest price-earnings ratio of Ningbo Bank was only 13.2 times.
In addition to Lanzhou Bank, the remaining 41 bank stocks also received red across the board. Ningbo Bank, which announced the good news on the evening of the 17th, rose 6.85% on January 18, ranking second. In addition, Industrial Bank, Chengdu Bank, Zhangjiagang Bank, and Nanjing Bank And Jiangsu Bank rose more than 3%.
All 42 stocks in the banking sector were in the red, and the sector rose 1.6%, ranking among the top gainers.
Institutions are more optimistic about the performance of bank stocks in the first quarter. According to a research report by Dai Zhifeng, an analyst at Zhongtai Securities, the current safety margin of the banking sector is relatively high, and the asset quality builds the safety margin of bank stocks. It is expected that the asset quality of listed banks will remain stable in the next few years, which will build a margin of safety for bank stocks.
Lin Yuanyuan, an analyst at Bank of China Securities, said that the current position and valuation of the banking sector are at historically low levels, and the dividend rate is continuously increasing, reflecting that the market has full pessimistic expectations for possible risks such as the economy, real estate and urban investment. As the market continues to digest negative factors, At the beginning of the year, catalyzed by policies to stabilize growth such as easy credit, especially the continuous improvement of the real estate policy, the market of the banking sector can be expected. As the steady growth policy continues to exert force, waiting for the signal of economic data bottoming out and rebounding is also the follow-up share price momentum. Under the long-term main line of structural reform, operation and management capabilities may be the core of stock selection.
12 banks report good results
The recent surge in bank stocks is not unrelated to the good results. As of January 18, 11 A-share listed banks in the Shanghai and Shenzhen stock exchanges have disclosed bank performance reports, and 1 bank has disclosed an announcement of pre-increase in performance.
The 2021 performance report released by Bank of Ningbo on the evening of January 17 shows that as of the end of 2021, the company’s total assets exceeded 2 trillion yuan, an increase of 23.88% over the end of the previous year, and the net profit attributable to shareholders of listed companies in 2021 was 19.515 billion yuan. A year-on-year increase of 29.67%. Moreover, in 2021, the asset quality and capital utilization efficiency of Bank of Ningbo will continue to be excellent. The results are excellent, and institutions have “liked” the banking sector. Tianfeng Securities released a research report on January 18 saying that it maintained the buy rating of Bank of Ningbo with a target price of 52.32 yuan per share.
Overall, last year was stable and upward, and the growth rate of net profit reached double digits. At the same time, asset quality continued to improve, the non-performing loan ratio decreased to varying degrees, and the provision coverage ratio increased, enhancing the ability to resist risks.
The net profit growth rate of the other 10 listed banks that disclosed the performance report also reached double digits, and the net profit attributable to the parent company of 9 listed banks increased by more than 20%. Report data shows that in 2021, Bank of Jiangsu will achieve a net profit of 19.694 billion yuan attributable to the parent, a year-on-year increase of 30.72%, the highest increase among the disclosed banks. The net profit attributable to the parent company of China Merchants Bank ranked first, reaching 119.922 billion yuan, a year-on-year increase of 23.20%.
Zhangjiagang Bank, Ping An Bank, Industrial Bank, Bank of Qingdao, Changshu Bank, Sunong Bank, and Suzhou Bank will achieve 29.77%, 25.6%, 24.1%, 22.08%, 21.13%, 20.72%, and 20.57% respectively in 2021. year-on-year growth.
The only bank that gave a performance forecast, the Bank of Chengdu, also performed well. The bank expects that the net profit attributable to the parent company in 2021 will increase by 1.085 billion yuan to 1.507 billion yuan year-on-year, an increase of 18% to 25% year-on-year; %~25%.
(Author: Ye Maisui Editor: Li Yilin)
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