Bank shares basic sync big city Credit Suisse maintain reduction rating

Source: Internet
Author: User
Keywords Banks credit
Tags .net added balance bank shares bank stocks basic credit credit suisse
The index fell 1.29% to 17850.44, trading at HK $17.744 billion, while the Hang Seng financials fell 1.35% and basically synchronized the big city, but Credit Suisse maintained a downgrade of Hong Kong's bank stocks. Credit Suisse believes that the decrease in bank balance sheet debt suggests that the recent increase in the market rate of bank shares is reasonable. But the bank believes banks must show signs of growth and increased equity yields if the market rate is to widen further from the current level. said that from the HKMA's quarterly communiqué, Banks ' revenue dynamics were still low and net interest rates had fallen sharply.  Added that the bank's revenue outlook is still facing challenges, and that financial and billing services remain sluggish. Shares, Hang Seng Bank (00011-HK) fell 0.28%, the Bank of East Asia (00023-HK) fell 1.26%, BOC Hong Kong (02388-HK) fell 0.61%, the heavy share control (00005-HK) fell 1.05%.
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