There were 34 banks in the banking sector, 4 banks fell, and 4 banks flat. Among the 76 industry sectors, banks ranked 69th, with semiconductors and components, electronic chemicals and other electronics leading the rise. Among all sectors, only the breeding industry fell. The Shanghai Stock Exchange rose 1.64%, the Shenzhen Stock Exchange rose 2.14%, the ChiNext rose 2.38%, and the banking sector rose 0.52%, closing at 860.47 points.
The banking sector opened low and closed high, and once surged during the session, with an increase of 1.23%, and began to fall back in the afternoon, which eventually led to the banking sector's trend forming a "person" shape. The trading volume was 21.725 million, down 37% from the previous day. The ranking also dropped from the top of the previous day to the back of the current ranking. It is obvious that the popularity of the banking sector is declining and its momentum is declining.
has risen so much, so it should be that has pulled back to . It has been rising continuously, and often has insufficient momentum and the final increase is not large. It is better to rise five and fall two, then rise six and fall three, and come in sequence to form a stable upward trend.
This round of rise began on November 1, and as of November 15, it had a cumulative increase of 6.35%. The last upward band was between May 24 and June 15, 2022, when the cumulative increase reached 6.8%. This is the first hurdle in the rising wave of the banking sector. As long as there is no negative news, I believe that this hurdle will only end with a small pullback.
Let’s observe the recent performance of stocks in the banking sector:
The three bank stocks leading the banking sector are China Merchants Bank , Ningbo Bank , and Ping An Bank. They are also the three bank stocks with good performance but large declines some time ago, and are also the most popular bank stocks in the minds of bank stock investors.
Their rise shows two problems:
First, the bank stocks with good performance and strong reputation in the industry can always lead the sector.
Between March 16 and April 6, the banking sector experienced a small climax, with a cumulative increase of 14.42%. During this period, the increase in these three bank stocks was that China Merchants Bank rose 20.93%, ranking 8th in the industry, Ningbo Bank rose 21.92%, ranking 7th in the industry, and Ping An Bank rose 20.15%, ranking 10th in the industry. They rank among the top in gains and far exceed the average increase in the banking sector.
Second, true value stocks will only be covered in dust and will not be overwhelmed.
I can't guarantee that China Merchants Bank, Ningbo Bank, and Ping An Bank can reach the peak of the year in this wave of rise, but their value has been reflected in this wave of rise. In time, it is entirely possible to return to the peak at the beginning of the year, even if it hits a new high.
The reason why I made this judgment is mainly based on my understanding of their past performance, stock price trend, investment indicators, and business model.
Take China Merchants Bank as an example. Even if the former president was brought down, its leading position in the industry has not changed. With nearly 10 trillion yuan of total assets, the net profit in the third quarter can still maintain a year-on-year increase of and . If there are more assets than it, the net profit growth rate is not as fast as it is. If there are more assets than it, the total assets are smaller than it. It is the absolute leader in this rank.
Let’s talk about Ningbo Bank. The senior executive of my bank has just visited Ningbo Bank for a visit and study recently. After returning, I shared with us many of the development concepts of Ningbo Bank. After listening to their sharing, I am more optimistic about the future of Ningbo Bank. Not to mention anything else, just saying that it maintains the Non-performing Loan Rate of , which has been the first for many years, is worth learning from by all banks and can also give all our investors confidence.
Finally, Ping An Bank has both the development strategy of China Merchants Bank to build retail banking, and a high-yield and high-risk development model. It is backed by the big tree of Ping An Group , and stands as a veteran stock in Shenzhen Stock Exchange for 231 years. How can it be defeated at will? Ping An Bank's net profit in the third quarter of 2022 increased by 25.82% compared with the same period in 2021, and its net profit growth rate among joint-stock banks was the highest.
As the possible pullback of the banking sector is coming, all you have to do is to choose high-quality bank stocks as soon as possible and enter at the right time.
The market for the banking sector is here, you don’t know how their performance is? So how can we accurately choose value stocks? I recently published a column "Analysis of the Third Quarter Report of 42 Bank Stocks (2022) ". The column not only includes comparison, analysis and interpretation of the third quarter indicators, but also my investment advice based on the indicator trends in the past three years. I believe that after reading it, you will definitely gain a lot.
I am a bank researcher who specializes in banking and likes to talk about real things. Follow me and let’s study and discuss together. If you think what I said will be helpful to you, I sincerely hope that you can click the three dots on the upper right side of the screen and give me a small reward! Your support is my motivation to update. #Telebrity Creation Challenge#
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