HSCI Index Rebalance and Stock Connect: Potential Changes in June and September
We forecast 7 adds to the HSCI in June. For the September rebalance, we forecast 19 adds & 19 deletes (7 on mkt cap, 4 on liquidity, 8 on long...
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Postal Savings Bank of China – Reserve Reversals Expected
POSTAL SAVINGS BANK: PSB's QOQ 3Q21 increased 18.6%, due largely to credit leverage and net interest income improvement. PSB’s reserves appear...
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Dongguan Rural Commercial Bank IPO Trading -Needs to Correct at Least 50% to Trade Inline with Peers
Dongguan Rural Commercial Bank (9889 HK) raised US$1.14bn at HKD7.92 per share, at the bottom-end of its IPO price range.
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Dongguan Rural Commercial Bank IPO - Mind the Valuation Gap
Dongguan Rural Commercial Bank (DRCOBZ HK) is looking to raise up to US$1.3bn in its Hong Kong IPO. It is the fifth largest rural commercial bank...
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Industrial and Commercial Bank of China – Negative Jaws Pressure Results
ICBC: ICBC reported a QOQ 2Q21 bottom-line decline of 9.3% due to negative operating jaws. The level of net new NPLs increased 46.4% annualized...
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