Zhongtai Securities Co.Ltd(600918) maintain the Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) overweight rating, and the net profit is expected to increase by 15.51% year-on-year in 2021

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The research report was released on August 17 to maintain the Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) overweight rating. Zhongtai Securities Co.Ltd(600918) predicts that the net profit attributable to the parent company in Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) 2021 will be 2.083 billion yuan, with a year-on-year increase of 15.51%.

Main financial indicators and valuation

2021E

2022E

2023E

Total operating revenue (100 million yuan) 74786 million yuan one thousand and one hundred point six nine

Net profit attributable to parent company (100 million yuan) 208324 six hundred and twenty-seven point eight seven

Earnings per share (yuan) 0.760 eight hundred and eighty-one point zero two

Net assets per share (yuan) 7.147 eight hundred and eighty-eight point seven five

Price earnings ratio (PE) 7.856 eighty-five point eight seven

Price to book ratio (PB) 0.840 seven hundred and sixty point six eight

Return on net assets (%) 11.111 six thousand nine hundred and twelve point two three

Return on total assets (%) 0.920 nine hundred and twenty point nine four

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

Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) it has attracted the attention of 9 research reports of securities companies in recent months, 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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