On November 6th, Guolonghui | tianfeng research reports pointed out that Postal Savings Bank of China (601658.SH) 24Q3 corporate profit growth rate turned positive from negative, with solid assets quality. Combining the two-way adjustment environment of loan interest rates and deposit benchmark interest rates in the second half of this year, the future interest margin pressure of the company may be alleviated, and the revenue capability may also improve accordingly. The bank uses a dividend discount model to calculate the target price of 6.48 yuan, corresponding to 0.76x PB for the year 2024, with a current price space of 20%, maintaining a “buy” rating.
研报掘金丨天风证券：邮储银行Q3企业盈利增速由负转正，维持“买入”评级
Research reports unearthed | tianfeng: Postal Savings Bank of China Q3 corporate profit growth rate turned from negative to positive, maintaining a "buy" rating
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