Macquarie's full range of senior high school bank shares target price

Macquarie's latest report is hopeful that if the mainland is to re-enter the interest rate hike cycle, it is expected to support the return on equity (ROE) and valuations of mainland banks. In Tuesday (June 9), Macquarie, which fully updated its BOC valuation, raised its target price by 14% to 27%. Macquarie, though only slightly raising its 2009 earnings forecasts for the bank, is bullish on the outlook.　　The bank shares rallied yesterday, pushing the index to a rally of more than 700 points. According to the Hong Kong Economic Daily Report, Macquarie assesses the return on equity in the bank is expected to fall to about 17% per cent this year, and 2012 years ago, with the upturn in revenue and the reduction in the provision of charges, the recovery to 21% per cent was still lower than the 22% return on equity after the cancellation and conservative provision of US investment securities in 2008,　　But in the long term, as soon as the interest rate is reversed, the return on equity returns to record highs. Analyst Nick Lord said in his report that the biggest drag on the bank in the 2009-year period was the narrowing of net interest margin, the increase in fee revenue and the increase in cost-effectiveness or the provision of offsets, which, while expected to continue to rise, had not been a significant factor in the profitability of the bank. He also referred to the net interest factor as the most critical: "We believe we are at the low point of the net spreads cycle ... A rebound in the second half is expected, mainly because the economy is improving to create real loan demand, meaning banks can turn low-yielding bills into High-yield corporate loans. ”