China Construction Bank (H)

  • Ticker0939
  • ISINCNE1000002H1
  • ExchangeHong Kong Stock Exchange
  • SectorBanks
  • CountryChina

Analysts

UOB
Eric Wang Zhen ...
  • Jayson Kong

Banking - Small banks’ solvency and liquidity are still major concerns

NPL levels remain our main concern. As the economy remains weak, banks are facing pressure in asset quality, especially small banks which have low provisions. We found that the rate spread between the NCD issued by SOEs and by small banks is expanding. Maintain UNDERWEIGHT on the sector; top pick is Bank of Ningbo (SELL).

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior