JPMorgan Chase & Co published a report that the Bank's analysis of the impact of the epidemic and real estate costs shows that the strength caused by bad loans in the mainland may be more comfortable in the second half of this year. However, even if there is no further decline in LPR, industry revenue strength may continue to exist.

As a result, the bank's expected domestic stocks showed an increase in the relative base, but the table is expected to move into the market in the second half of the year, and it is estimated that after the epidemic seal is lifted in the mainland, the industry's earnings per share are unlikely to be revised upward.

Motors will prefer to increase shares from the bank of state-owned enterprises to the stock market, while domestic stocks will be the first.$China Merchants Bank (03968.HK) $, 01658.HK and 000001.SZ. At the same time, Moto lowered the 03328.HK level to "neutral".

Stock │ level │ title

Agricultural bank (01288.HK) │ neutral │ 3.25 → 3.15 yuan

Bank of China (03988.HK) │ increases │ 3.85 → 3.7 yuan

Traffic Bank (03328.HK) │ increases the holding of → Neutral │ 6.4 → 5.9 Yuan

Citic Bank (00998.HK) │ Neutral │ 4.25 → 3.9RMB

Construction Bank (00939.HK) │ increases the holding of │ 7.8→ 7.2RMB

Everbright (06818.HK) │ Neutral │ 3.2 → 2.9CNY

Minsheng Bank (01988.HK) │ holds │ 3.0 → 2.60 yuan

Industrial and Commercial Bank of China (01398.HK) │ Neutral │ 5.4 → 5.3RMB