Gelonghui, May 29 | According to a recent research report by Zhongtai Securities, Chongqing Agricultural Commercial Bank (601077.SH) has a low cost advantage on the debt side, with a deposit interest rate of 1.88% in 2023, the lowest among listed urban commercial and agricultural commercial banks. The reason behind this is that it is deeply involved in Chongqing's vast region, scale advantage, and network customer base advantage. The company's low-cost debt makes it less prone to operating risk. The public customer base is mainly in the political, credit, and industrial categories; the retail customer base is mainly small and micro, with sufficient collateral. It is expected that the asset quality of the Chongqing Agricultural Commercial Bank will remain stable. On the one hand, it will have regional beta where Chongqing's economy is stable and improving, and on the other hand, it will enjoy individual stock α brought about by the company's low risk appetite. The company has the characteristics of high dividends+high dividends, stable asset quality, and guarantees the medium- to long-term high dividend rate of the Chongqing Agricultural Commercial Bank. Raise the company to a “buy” rating, and active attention is recommended.