China Construction Bank 0939

Re: China Construction Bank 0939

Postby winston » Thu Aug 24, 2017 2:40 pm

not vested

China Construction Bank 中国建设银行 (939 HK)

China Construction Bank’s (CCB) net interest margin has improved on the back of better yields from corporate loans, up 2bp qoq in 1Q17 despite an increase of time deposits that raise the cost of capital.

CCB has conservatively classified loans that are more than 60 days overdue as nonperforming loans (NPLs).

It is more stringent than regulatory requirement of 90 days, allowing CCB to enjoy an extra buffer.

NPL formation has receded from Rmb150b in 2016 to Rmb25b in 1Q17.

Management plans to increase contributions from non-interest income, up 2ppt to 32.8% in 1Q17.

We set our target price of HK$7.36 based on 1.19x 2017F P/B and suggest a BUY rating.

http://en.ccb.com/en/home/indexv3.html

Source: UOBKH
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Re: China Construction Bank 0939

Postby winston » Thu Mar 01, 2018 1:12 pm

vested

<Research Report>Daiwa: CCB (00939.HK) 2017 Results May See Surprise; Reiterated Buy


CCB (00939.HK) will release its 2017 results after market close on 27 March.

Daiwa, in its report, expected the bank to report double-digit growth for net interest income for 4Q17 and 2018.

CCB's 2017 results may also come in a surprise.

The investment rating was reiterated at Buy with a target price of $10.5.

The stock was still the top pick for large state-owned banks.

Source: AAStocks Financial News
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Re: China Construction Bank 0939

Postby winston » Tue Mar 08, 2022 12:08 pm

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CCB's Arm Owes Hundreds of Millions of USD Margin as Client Fails to Meet Margin Call: Report

Nickel prices at London Metal Exchange (LME) shot up 76% over the day to a 15-year high.

LME has given additional time to CCB (00939.HK)'s CCBI Global Markets to pay hundreds of millions of U.S. dollars of margin calls, reported Bloomberg.

An insider said CCBI Global Markets, as a broker, was not formally in default.

The incident could be due to a metals sector client's failure to make margin payment to CCBI Global Markets. As a result, CCBI Global Markets found it hard to pay for the unusually large margin calls.

Source: AAStocks Financial News
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