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| HSI1 | 25,733.42 | -362.46 | 74.37B |
| HSCEI1 | 8,660.29 | -114.10 | 21.96B |
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2026-05-05 12:32:58 The average net profit of Chinese banks listed in Hong Kong in 1Q26 improved to 1.1% YoY from 0.7% in 2025, BofA Securities said in a research report. During the period, PPOP accelerated markedly to an average YoY growth of 9.2%, compared with 1.5% in 2025. Among them, net profit growth of BANK OF CHINA (03988.HK) and ABC (01288.HK) rallied 4-4.5% YoY, while PPOP of PSBC (01658.HK), CCB (00939.HK) and ABC mounted 13-19% YoY. During the period, NIM rebounded 3 bps QoQ on average to 1.43%, representing the key positive surprise; NII added 2.8% QoQ. Among them, NIM of CCB, MINSHENG BANK (01988.HK), CQRC BANK (03618.HK) and ABC increased 6-9 bps QoQ, while CM BANK (03968.HK) and CITIC BANK (00998.HK) recorded declines of 2-3 bps. BofA Securities upheld a constructive view on the sector, citing a solid dividend yield of about 5%, income growth having bottomed out, defensive characteristics, and high regulatory moats against AI disruption. ICBC (01398.HK) and CCB (00939.HK) were the broker's top picks, while CM BANK and PSBC remained its least preferred. ~ AASTOCKS Financial News Website: www.aastocks.com | |