Within 30 Days, 158 A Shares Were Downgraded To &Nbsp, And Bank Shares Fell To The Worst Hit Areas.

In October 19th,

However, the Shanghai Stock Exchange in October.

However, in the past month, the securities market has obviously seen the future market.

WIND showed that as of October 18th, brokerage firms had downgraded 158 listed companies in the past month, while the number of listed companies whose rating was raised was only 114.

Bank stocks have become the "worst hit areas" of brokers.

Ningbo Bank (002142.SZ), Industrial Bank (601166.SH), Everbright Bank (601818.SH), Bank of Communications (601328.SH), industrial and Commercial Bank of China (601398.SH), Construction Bank (601939.SH), Bank of China (601988.SH), CITIC Bank (601998.SH), Shanghai Pudong Development Bank (600000.SH) and other 9 listed banks were all downgraded, among which Ningbo banks were the most empty, and 4 rating agencies lowered their rating.

To this, a researcher with a brokerage said: "the valuation of the entire banking sector has been relatively low. Recently, it has been influenced by the bank's holdings of bank shares and based on the expectations of the three quarterly market, and so on, there are short-term or certain trading opportunities.

But in the medium and long term, this sector is not optimistic, and can not get the support of relevant economic data and macroeconomic policies.

Ningbo bank takes the lead

As of October 18th, in the past month, 158 stocks were downgrading 179 times by the rating agencies, while only 114 stocks were jointly upgraded by rating agencies 127 times.

16 stocks were downgraded by two (including) brokerages and other rating agencies, of which bank shares accounted for 3 seats.

The Bank of Ningbo has become the most watched stock in the past month, with up to 4 institutions downgrading its rating, while the 2 banks of Societe Generale and Everbright Bank have downgraded them.

Bank of communications, CITIC Bank, industrial and Commercial Bank of China, construction bank, Shanghai Pudong Development Bank and Bank of China were all downgraded by 1 rating agencies.

In view of the Bank of Ningbo, the national securities research report considers that taking into account the short-term asset quality of banks in Ningbo, the valuation is high in the listed banks, so the company's investment rating is reduced to "neutral", and the target price is reduced to 11 yuan.

"At the end of 6, the balance of non-performing loans of Ningbo banks was 785 million yuan, up 85 million yuan from the beginning of the year, and the ratio of non-performing loans was 0.69%, which was unchanged from the end of last year.

The provision coverage rate of the company is 201.11%, which is low in the listed banks.

National securities.

GF Securities also lowered Ningbo bank's "buying" from "buying" to "holding". The target price was 11.34 yuan, and Ningbo bank loan deposit ratio was lower than that of its peers.

Reporters found that in April, GF issued a "buy" rating on the Bank of Ningbo, with a target price of up to 15.10 yuan, when the Bank of Ningbo had a stock price of 13.65 yuan.

In fact, in April 6th, the Bank of Ningbo had quietly built the highest price of 13.97 yuan in the year, and then the stock price fell all the way. As of October 19th, the Bank of Ningbo had closed down 9.45 yuan, or more than 30%.

Anxin securities and Societe Generale Securities also downgraded the Bank of Ningbo.

For those who are generally ignored by brokerages, the researchers said: "Ningbo banks are mainly small customers, and quite a few are small export enterprises. Therefore, the deterioration of the international economic environment has more direct impact on their credit, and it is difficult to improve in a short time."

Divergence

Reporters also found that rating agencies such as brokerages had different opinions on the ratings of listed bank shares.

According to WIND statistics, in the past month, apart from 4 rating agencies looking down on Ningbo banks, no rating agency has seen much of Ningbo banks.

However, although 2 rating agencies downgraded their ratings at the Bank of China and Everbright Bank, 1 rating agencies still raised their ratings.

In September, XinDa securities believed that the cost control of Xingye Bank was good and the rate of bad credit decreased. The rating of Xingye Bank was upgraded to "buy".

In addition, there are differences in ratings, including Bank of communications, CITIC Bank and Shanghai Pudong Development Bank. These 3 banks are all empty and much watched by 1 rating agencies.

According to WIND statistics, only Nanjing Bank (601009.SH) has been "absolutely seen" in the past month. 1 rating agencies have increased their ratings and no rating has been downgraded by any of them.