Daily Brief Financials: JMT Network Services, Industrial Bank Co Ltd A, Powerlong Real Estate Holdings, Yanlord Land and more

• JMT Network services does debt collection for banks in Thailand
• Earnings are good but not relative to its asset growth with worsening provisions
• Its ROA appears to be in structural decline, with worsening credit metrics in 1Q23

• In this China banks screener; we focus on the potential for increased credit quality headwinds going forward, given the weak GDP growth outlook
• China bank shares have been poor performers and still we see selective buy opportunities, with better credit quality metrics
• We favour Industrial Bank and CCB both of which have attractive valuations; Minsheng, on the other hand, remains exposed to a worsening of the credit quality cycle

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.

In this Insight:

1. China Jinmao Holdings
2. Lifestyle International Holdings
3. Geely Auto
4. First Pacific Co
5. Tata Motors Ltd

and more…

Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Yanlord Land’s ESG as “Adequate”, in line with its Environmental, Social and Governance scores. Controversies are “Immaterial” and Disclosure is “Strong”.