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JPM Expects CN Banks to Rally 8% w/ Improved Income & Profit Growth in 2H25
Recommend 39 Positive 82 Negative 29 |
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The Chinese banking sector is benefiting from stable net interest margins and continuous growth in fee income, which is expected to attract interest collecting investors, JPMorgan released a research report saying. Therefore, the broker was optimistic about Chinese banks' uptrend in 2H25, with an anticipated rise of 15% in A-shares and an 8% increase in H-shares for Chinese banks. JPMorgan estimated the 2025 average dividend yield for Chinese banks covered to be approx. 4.3%. Ample liquidity and a weak macroeconomic environment continued to favor dividend-paying stocks in asset allocation, the broker noted. Hence, JPMorgan remained positive on China's banking sector. It is believed that income and profit growth for Chinese banks in 2H25 should improve from the previous quarter. The interest rate cut cycle in China is expected to end soon, with only one or two rate cuts likely in 2H25 or 2026, the broker added. JPMorgan upgraded BANKCOMM (03328.HK) (601328.SH)'s and A- and H-shares from Neutral to Overweight, and upgraded PING AN BANK (000001.SZ) from Underweight to Neutral. AASTOCKS Financial News Website: www.aastocks.com |
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