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Major bank ratings丨Goldman Sachs: The first quarter performance of China Merchants Bank is mixed, maintaining a "Buy" rating.
Goldman Sachs published a report indicating that CM BANK's operating profit before provisions and net profit for the first quarter fell by 4% and 2% year-on-year, respectively, which was below the bank's expectations. The performance was mainly affected by a net interest margin decline that was 4 basis points greater than the bank's expectations, and investment income which was 19% less than expected by the bank. Bank loans increased by 5% year-on-year, lower than the system loan growth of 7.4%. Provision for loan reserves increased by 86% quarter-on-quarter, while non-loan asset provisions decreased by 72% quarter-on-quarter. The growth rate of non-performing loans exceeded the growth of loans, indicating a slight increase in the non-performing loan formation rate, posing a challenge to asset quality. The bank believes that CM BANK's first quarter performance is mixed, demonstrating discipline during a possible downturn cycle.
Trending Stocks Today: XIAOMI-W up 4.74%
CM BANK (600036.SH) released its first quarter performance, with a net income of 37.286 billion yuan, a decrease of 2.08%.
CM BANK (600036.SH) released its first quarter report for 2025, with revenue of 837....
China Merchants Bank: China Merchants Bank Co., Ltd. Report for the First Quarter of 2025
China Merchants Bank Co., Ltd. Report for the First Quarter of 2025
Gelonghui announcement highlights (Hong Kong stocks) | Midea Group Co., Ltd (00300.HK) reported a net income of 12.42 billion yuan in the first quarter, a year-on-year increase of 38.02%.
【Today's Focus】Midea Group Co., Ltd (00300.HK) reported a net income of 12.42 billion yuan in the first quarter, a year-on-year increase of 38.02%. Midea Group Co., Ltd (00300.HK) announced that in the first quarter of 2025, the company's revenue was 127.84 billion yuan, a year-on-year increase of 20.49%; net income attributable to shareholders of the listed company was 12.42 billion yuan, a year-on-year increase of 38.02%; net income attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 12.75 billion yuan, a year-on-year increase of 38.03%; basic EPS was 1.64 yuan/share.【Significant Events】CHI ASIA VALLEY (00
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104255742 : but why is it not buying back its own shares?
Mr Worldwide 世界仔 OP 104255742 : debt to equity at 1.3, it has limited room to take on more debt. it is not worth to repurchase its stock which main business is insurance.