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<Research>CLSA Says Financial Experts Predict CN Mortgage Rate Cuts on Horizon, Prefers CCB, CM BANK if Policy Effectively Eases NIM Losses
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CLSA has released a report noting that China's economy may still have room to decline, making it difficult for Chinese banks to gain meaningful momentum. Their dividend payouts may still be favored as a safe haven before macroeconomic improvements. US interest rate cuts might slightly benefit high-quality value stocks in Hong Kong. CLSA is still waiting for details on China's mortgage rate cuts, which experts estimate should happen soon. The broker still prefers CCB (00939.HK) and CM BANK (03968.HK) if the policy can effectively ease the net interest margin (NIM) losses of state-owned banks. AAStocks Financial News |
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