Banks share a big win

Hong Kong Equities in Monday, the performance of the H-share is more resilient, but the index of the state-owned enterprises is still up to 1.79%, while the mainland A shares in the bank real estate and other blue chips under the impetus of micro-increase, the Shanghai Composite Index rose 0.52%, the Hang Seng AH premiums rebounded 4.86%. Overall performance of the 56 A+h shares, most shares run to win the corresponding H-shares. Among them, the bank group AH shares a large difference in performance, the bank A-share a large rise, and the corresponding H-share fell. Expectations of a pick-up in net spreads and the advantages of valuations are the main reasons for a stronger bank a-share.　　Wanguo analysts pointed out that bank stocks are still relatively bullish: on the one hand, the industry fundamentals are getting better, and the June net spreads are expected to continue to rebound in May, on the other hand, the plate's 09 P/E ratio is only 14 times times, much lower than the overall market of about 25 times times the level of P/E, so maintain In addition, Daiwa published a research report to maintain a "neutral" rating of Chinese banking stocks. The bank expects a small increase in China's June lending to banks compared with May, as the government has recently lowered its minimum capital requirements for large infrastructure projects, which will boost lending growth. New renminbi lending slowed in April after the stimulus package boosted rapid growth in the past few months, but net interest yields are expected to pick up slightly in the second half of 2009, thanks to strong credit supply, which has been under pressure.　　The bank added that the IPO could soon restart, which could accelerate sales of wealth management products and lead to more fee income. By the asset injection news, Hisense became the Monday AH stock market performance of the best shares, its a-shares closed to trading, H-share gain is nearly 12%. The company intends to issue a A-shares to the largest shareholder island Hisense Air conditioner to purchase its own white goods assets, including refrigerators, air-conditioning production and marketing, in order to improve the company's asset quality, enhance profitability and sustainable development capacity, the purchase price is not more than 1.25 billion yuan.