The banking sector broke out collectively today (January 18), with the sector rising 1.6%, ranking among the top. Lanzhou Bank of new shares took the lead and closed the word limit board, closing at 5.65 yuan per share, 58.2% higher than the issue price of 3.57 yuan per share, which made many new share buyers regret.
Bank of Lanzhou has been listed for two consecutive days
Lanzhou Bank IPO not only did not break, but also rose the limit for two consecutive days. After the bank rose 43.98% on January 17, the Bank of Lanzhou continued to rise sharply on January 18. The trading limit was sealed at the opening. As of the closing, the bank continued to seal the trading limit at 5.65 yuan / share.
With the successful listing of Bank of Lanzhou, the A-share banking sector expanded to 42 and the listed city commercial banks expanded to 17.
As the first “breaking net” new shares issued by the A-share banking sector, Lanzhou bank undertook many “breaking” questions before listing. However, in terms of P / E ratio, the 19 times P / E ratio of Lanzhou bank is still higher than the average level of the same industry. As of January 18, the average rolling P / E ratio of 16 urban commercial banks except bank of Lanzhou was 7.22 times, the median was 7 times, and the highest P / E ratio of Bank Of Ningbo Co.Ltd(002142) was only 13.2 times.
In addition to Bank of Lanzhou, the remaining 41 bank stocks also closed red across the board. The Bank Of Ningbo Co.Ltd(002142) reported on the 17th rose 6.85% on January 18, ranking second. In addition, the increases of Industrial Bank Co.Ltd(601166) , Bank Of Chengdu Co.Ltd(601838) , Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Bank Of Nanjing Co.Ltd(601009) and Bank Of Jiangsu Co.Ltd(600919) exceeded 3%.
All 42 stocks in the banking sector were red, with the sector rising 1.6%, ranking at the top of the list.
For the performance of bank stocks in the first quarter, institutions are more optimistic. According to the Research Report of Dai Zhifeng, an analyst at Zhongtai Securities Co.Ltd(600918) , the current safety margin of the banking sector is relatively high, and the asset quality constructs the safety margin of banking stocks. It is expected that the asset quality of listed banks will be in a stable state in the next few years, which will build the safety margin of bank shares.
Boc International (China) Co.Ltd(601696) analyst Lin Yuanyuan said that at present, the positions and valuations of the banking sector are at historically low levels, and the dividend rate is rising, reflecting the full pessimistic expectations of the market on possible risks such as economy, real estate and urban investment. With the continuous digestion of negative factors by the market and the acceleration of stable growth policies such as credit easing at the beginning of the year, especially the real estate policy continues to improve, The market of banking sector can be expected. As the steady growth policy continues to work, waiting for the signal of economic data bottoming out and picking up is also the driving force of subsequent stock prices. Under the long-term main line of structural reform, operation and management ability may be the core of stock selection.
12 banks reported good results
The recent sharp rise of bank stocks has something to do with the good performance. As of January 18, 11 A-share listed banks in Shanghai and Shenzhen have disclosed the bank performance express, and one bank has disclosed the performance pre increase announcement.
According to the performance express of 2021 released on January 17, by the end of 2021, the total assets of the company had exceeded 2 trillion yuan, an increase of 23.88% over the end of the previous year. In 2021, the net profit attributable to shareholders of listed companies was 19.515 billion yuan, an increase of 29.67% over the same period of the previous year. Moreover, in 2021, Bank Of Ningbo Co.Ltd(002142) asset quality and capital utilization efficiency continued to be excellent. With excellent results, institutions have “praised” the banking sector. According to the research report released on January 18, Tianfeng Securities Co.Ltd(601162) maintains the Bank Of Ningbo Co.Ltd(002142) buy rating, and the target price is 52.32 yuan / share.
Overall, last year was stable and upward, and the growth rate of net profit reached double digits. At the same time, the asset quality continued to improve, the non-performing loan ratio decreased to varying degrees, the provision coverage increased, and the ability to resist risks increased.
The net profit growth of the other 10 listed banks that disclosed the performance express also reached double digits, of which the net profit attributable to the parent of 9 listed banks increased by more than 20%. According to the report data, Bank Of Jiangsu Co.Ltd(600919) realized a net profit attributable to the parent company of 19.694 billion yuan in 2021, with a year-on-year increase of 30.72%, the highest increase among the disclosed banks. The China Merchants Bank Co.Ltd(600036) net profit attributable to the parent company ranked first, reaching 119.922 billion yuan, a year-on-year increase of 23.20%.
In 2021, the net profit attributable to the parent company in Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) , Ping An Bank Co.Ltd(000001) , Industrial Bank Co.Ltd(601166) , Bank Of Qingdao Co.Ltd(002948) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Bank Of Suzhou Co.Ltd(002966) increased by 29.77%, 25.6%, 24.1%, 22.08%, 21.13%, 20.72% and 20.57% respectively.
The only bank that gives a performance forecast – Bank Of Chengdu Co.Ltd(601838) also has a good performance. The bank expects that the net profit attributable to the parent company in 2021 will increase by 1.085 billion yuan to 1.507 billion yuan year-on-year, with a year-on-year increase of 18% ~ 25%; The net profit attributable to the parent company after deducting non profits will increase by 1.090 billion yuan to 1.512 billion yuan year-on-year, with a year-on-year increase of 18% ~ 25%.
