最新Goldman Sachs：中国银行产业分析

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

(2011.7.21 Published, 41 Pages)
Agenda
1.A modest rather than sharp NPL cycle in 2011E/12E; trading ranges set; be selective
2.Some cyclical NPLs due to sharp corporate debt rise and tightening
3.LGP loans: near-term NPL modest in 2011E/12E; long-term risks hinge on fiscal reform
4.Reduce earnings forecasts on slower balance sheet growth/higher credit costs
5.Two key reasons for our earnings estimate reductions
6.12-month target prices reduced for A/H share banks by an average of 14%/16%
7.New risk weighting: reducing long-term ROE assumptions
8.BoCom (3328.HK, Sell): downgrade on low CAR, high earning risks
9.SPDB (600000.SS, Sell): downgrade on interbank exposure and LGP
10.CNCB (0998.HK, Buy): off CL due to higher earning sensitivity

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏2 回帖

关键词：Goldman Goldma Sachs 中国银行 产业分析 中国银行 corporate average balance credit

thanks for sharing