Revising estimates
Earnings drivers better than anticipated
Three potential catalysts for the banking sector
Some further upside, prefer ICBC and CCB
Focus tables
Earnings drivers
Loan growth
Deposit growth to continue to lag loan growth
Margins—expect some compression
Fee income growth—to remain weak
Operating expenses
PPOP growth to come down to high single digits
Asset quality
Earnings revisions and valuation
China banks: Valuation snapshot
China banks: Operational snapshot
Credit Suisse - China Banks Sector - Revisting Earnings Forecasat.pdf
(825.73 KB)


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