Huaxi Securities Co.Ltd(002926) maintain the Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) buy rating, and it is expected that the net profit in 2021 will increase by 13.96% year-on-year

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On August 17, Huaxi Securities Co.Ltd(002926) issued a research report to maintain the Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) buy rating. Huaxi Securities Co.Ltd(002926) predicts that the net profit attributable to the parent company in Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) 2021 will be 2.055 billion yuan, a year-on-year increase of 13.96%.

Main financial indicators and valuation

2021E

2022E

2023E

Total operating revenue (RMB 100 million) 746483 three thousand four hundred and ninety-three point zero three

Net profit attributable to parent company (100 million yuan) 205523 nine thousand nine hundred and twenty-seven point eight five

Earnings per share (yuan) 0.750 eight hundred and eighty-one point zero two

Net assets per share (yuan) 7.177 seven hundred and eighty-eight point four eight

Price earnings ratio (PE) 7.966 eight hundred and twenty-five point eight seven

Price to book ratio (PB) 0.830 seven hundred and seventy point seven

Return on net assets (%) 10.9311 seven thousand one hundred and twelve point five

Return on total assets (%) 0.930 nine hundred and sixty point nine nine

Note: the data is obtained from the text of the research report.

Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) in the past month, it has attracted the attention of 10 research reports of securities companies, with an average target price of 9.86 yuan. According to the reverse order of the release date of the research report, the latest research report data of the five securities companies are shown in the table below:

Research report date

Organization abbreviation

Target price

This rating

details

On August 17, 2021 Boc International (China) Co.Ltd(601696) – the interest margin of overweight has improved significantly month on month, and the non-performing rate has dropped to a new low in recent years

August 17, 2021 Ping An Securities – it is strongly recommended that the recovery of asset yield drives the interest margin repair, and the asset quality remains excellent

2021-08-17 China Securities Co.Ltd(601066) 10.5 the quality of purchased assets has reached a new level, the interest margin has warmed up, and the revenue trend is optimistic

On August 17, 2021, Guosheng Securities – the buying interest margin bottomed out, the provision coverage rate was 520% +, and the issuance of convertible bonds opened up space for the future

2021-08-17 Zhongtai Securities Co.Ltd(600918) – detailed explanation of shareholding increase Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) 21 mid year report: Q2 interest margin rebounded, and asset quality was excellent and consolidated

Disclaimer: This article is based on big data production and is for reference only. It does not constitute any investment suggestions. Therefore, the operator shall bear the operational risk.

 

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