Since the meeting of the financial committee of the State Council held on March 16, bank stocks have maintained a rising market. According to the data, as of the closing on April 6, 2022, the banking sector rose 2.1%; In terms of individual stocks, Qilu Bank Co.Ltd(601665) rose by the limit, Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.Ltd(601528) , Ping An Bank Co.Ltd(000001) , Wuxi Rural Commercial Bank Co.Ltd(600908) , Bank Of Nanjing Co.Ltd(601009) , followed by increases of 6.94%, 5.79%, 5.11%, 4.06%, 3.84% and 3.64% respectively.
Since the meeting of the Finance Committee held on March 16, bank stocks have maintained a rising market.
Recently, listed banks have held annual report performance press conferences in 2021. At the performance press conferences, many banks stressed that the dividend rate of banks is high, and investment banking stocks are also a good choice. At the same time, when some bank financial products are broken, there is a view in the market that "buying bank financial products is not as good as investing in bank stocks". What do you think of this view?
why did bank stocks rise recently
At the special meeting of the Finance Committee held on March 16, it was proposed that monetary policy should take the initiative to respond, new loans should maintain moderate growth, and "effectively revitalize the economy in the first quarter". Since the meeting of the finance committee, the banking sector has maintained a rising market, and the whole sector has risen by more than 10%. In this wave of bank stock market, small and medium-sized banks in Jiangsu and Zhejiang performed well. For example, Bank Of Nanjing Co.Ltd(601009) share price hit a new high on April 6, with an intraday maximum of 11.58 yuan / share.
China Merchants Securities Co.Ltd(600999) Liao Zhiming, chief analyst of banking industry, said in an interview with surging news that there are two main logics behind the rise of banking stocks: one is the overweight of stable growth policy, and the other is the further relaxation of real estate policy in some regions under the stable growth policy.
"Recently, many places in China are relaxing the real estate policy, which is also good for bank stocks, because the improvement of real estate enterprise operation means that the bad performance of banks will decline relatively. This wave of rise of bank stocks can actually be predicted." Liao Zhiming said.
why not buy bank shares instead of bank wealth management
After the transformation of new asset management regulations, bank financial products have opened the era of net worth. Recently, some bank financial products fell below the net value, causing a number of financial companies to buy themselves. In the past two weeks, five bank financial management companies, including Everbright financial management, Bank of South China financial management, China Post Financial Management, xingyin financial management and China Merchants Bank financial management, have announced self purchase, with a total amount of 2.85 billion yuan.
At the recent performance meeting of listed banks, many banks stressed that the bank dividend rate is relatively high, which is a good financial choice. From the data, the dividend yield of large state-owned banks is relatively high, concentrated at the level of 5% and 6% Bank Of China Limited(601988) president Liu Jin said at the BOC performance meeting that the dividend yield of the bank in 2021 was 6.99%, an increase of 1.21 percentage points over the previous year. Although it is not high for institutional investors, it is also a stable and reliable choice under the current complex situation outside China.
Buying bank financial products is not as good as investment banking stocks? For this view, Liao Zhiming said that the investment in dividend yield is valuable to long-term investors, and it is not of great significance to most investors who have not held shares for a long time.
\u3000\u3000 "For ordinary retail investors, if they don't have professional ability, it's a good choice to buy shares of a large bank and get dividends and dividends. However, if they hold bank shares in the short term, they may not have this income. The investment of bank stock dividends requires long-term funds and the patience of investors. For example, some insurance companies will consider holding large banks from the perspective of dividends. The current valuation of large banks is relatively low, the dividend rate is relatively high, and the operating performance is relatively good Steady and steady growth in dividends. " Liao Zhiming further explained.
how to view the allocation value of bank shares at this stage
In an interview with surging news, Liao Zhiming stressed that this round of rise in bank stocks has not ended. In addition, we believe that the shares of Zhejiang commercial banks will have a relatively high growth rate compared with those of developed real estate industries in the future. In addition, we believe that the growth rate of shares of Zhejiang commercial banks will be very high. In some areas, the growth rate of high-quality real estate banks will also be very high. In addition, we believe that the real estate financing policies of Zhejiang commercial banks will be very high in comparison with those of developed real estate industries in the future Relaxation will also have a significant catalytic effect on the share prices of these stock banks. "
Everbright Securities Company Limited(601788) chief financial analyst Wang Yifeng said in an interview with surging news that looking forward to April, the expectation of "wide credit" may be strengthened and gradually enter the cashing period, while the continuous performance of the real estate sector under the warm policy will help to enhance the market's confidence in "stable growth", and the bank stock market is also expected to continue. He recommended two main lines: "high-quality banks in Jiangsu and Zhejiang regions with Pro cycle and high growth", The "head goose" of credit supply and the main line of big banks with obvious advantages on the liability side.
