You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨東興證券:維持常熟銀行“強烈推薦”評級,上半年盈利保持雙位數增長

東興證券研報指出,常熟銀行上半年盈利保持雙位數增長,中期分紅比例提升。在不良生成趨緩之下,信用成本下降、撥備繼續反哺利潤。1H25實現歸母淨利潤19.7億,同比增長13.5%,預計繼續處於上市銀行第一梯隊。上半年個人經營貸實現正增長,堅持做小做散戰略。上半年常熟銀行存款增長良好、結構優化。截至6月末,存款同比+9.9%。其中,活期存款佔比較年初提高0.93pct至19.04%。隨着存款結構優化及高成本存款陸續到期重定價,存款成本加速下降。整體資產質量保持優異,對公、消費貸、按揭貸、信用卡不良率下降;經營貸不良率上升與行業趨勢一致。2022-2024年常熟銀行保持0.25元/股分紅,分紅比例逐年下行至20%。本次提升分紅頻率、分紅比例,反映常熟銀行對未來盈利增速和資本充足的信心,以及對股東長期回報的重視。考慮當前積極的宏觀政策持續發力,常熟銀行小微業務核心優勢、區域經濟和村鎮銀行異地展業優勢、以及厚實的撥備安全墊,維持“強烈推薦”評級。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account