diablo 3 gold Bank of Beijing - ZBD

The 1th page: activate Bank 16 real estate share reduction leading one of the most explosive force (list of) 2nd page: Bank of communications: 6.37 times price-earnings ratio minimum 3rd page: industrial and commercial bank: large net inflows of $ 28.9 million the week 4th page: Bank of Beijing: the "refueling" formed in the early 5th page: ABC: public management efficiency dramatically from "overweight" ratingPage 6: Everbright Bank 2011 net earnings are expected to increase 36.8% "recommended" rating the 7th page: Bank of China: continue taking the road of internationalization and diversification "overweight" rating the 8th page: Société Générale: medium-and long-term advantages of "recommended" rating the 9th page: vanke a: advantage leading 20 agencies buy ratings page 10th financial Street:Only 6.4 times forward earnings times 11th page: Riviera holdings: the large net inflows of more than 40 million Yuan 12th page: Sun City: wear half of 13th on the first volume page: poly real estate: optimistic about continued expansion of capacity in the future "overweight" rating on page 14th: investment real estate: the company is accelerating beyond a "buy" rating the 15th page: development concept of rongsheng: companyGrowth potential to strengthen a "buy" rating the 16th page: Riverside group: the settlement company performance is objectively a "buy" rating Editor's Note: the Central Bank announced on 18th, from February 24, 2012, reduced deposit financial institutions renminbi deposit reserve rate 0.5%. After this adjustment, large financial institutions deposit preparationGolden ratio, 20.5%, small and medium financial institutions deposit reserve ratio to 17%. 　　This will also be the Central Bank since December 5 cut deposit reserve rate 0.5%, cut deposit reserve ratio for the second time in 3 months. Market analysts said reduced reserve requirements on stock market play a more positive role, equivalent to the marketMore than 400 billion funding, enhanced 2,132 points gained since Foundation.　At the same time, people in the industry generally believe that, bring to Bank and property stocks reduction of trading opportunities. 　　In this article on the plate, body good, large net inflows of funds to good advantage, valuation, technical graphics clearly four of 16 stocks only for analysis of the carding tera power leveling, readers. Market conditions:Decreasing positive real estate sector vanke a substantial advance on the China Merchants Bank (600,036) performance of 23 institutions given buy rating steady growth as leader of the joint-stock Bank, China Merchants Bank has always been close attention and a positive brokerage agency look good. Statistics show that 23 institutions of company stock to a "buy" rating is a-share banksBuy stocks with the most ratings. Industry background a new securities in deposit growth cycle starts the latest research reports, since 2000, experiencing three deposits growth cycle in China, a new cycle starts this year Bank of China (601,988) is still in the "deposit is King" of the era. From 2000 to 2011, China's banking systemDeposit growth through three full cycles, namely: in early 2000 to 2004, early 2005 to May 2007, in June 2007 to December 2011. In 2011, the pattern of double tight monetary and credit, deposit growth rate continued to drop in November reached record 12.2%. From the deposit growth cycle, 2011End third round of deposit growth cycle has ended, in 2012, money and credit back to a normal, open new deposit growth cycle. Deposit growth model: predicting the 2012 deposits growth rate is 14% per cent, based on theoretical and empirical data, with quantitative methods, we measure the deposit growth mainly explanatory variables are: real interest rates, the peopleCurrency exchange rate, reserve. 　　Thus, the fall in the inflation rate significantly, appreciation of the Renminbi exchange rate speed up, deposit reserve rate cut in the month, deposit growth will increase. In 2012, the real interest rate increase in China; the Renminbi exchange rate appreciation increased; deposit reserve rate decline in underlying monetary expansion; easy credit, loan deposits derived machinesSystem more visible, thereby, 2012 deposit growth improving, deposit-taking pressure drops. 　　Deposit growth based on our model: predicting the 2012 deposits growth rate of 14% per cent, and slow deposit growth will continue to improve, the apparent decline, inflation rates of renminbi appreciation to speed up, deposit reserve ratio fell in the month, deposit growth will be significantly improved. CentralRow 12 M2 growth rate is expected to 14%. This monetary growth rates for 12 banking monetary conditions of the building very well. Since: 12 deposit growth increase, and with the same loan growth, bank deposit-taking pressure drop, meet 75% loan is also easier than supervision. But in the inverse period under the supervision of, the CBRC will relax capital control, lower provision requirements, improving adverseTolerance, regulatory environment and operational environment of the banking industry as a whole will change. Fundamentals of personal consumer loans early start at first Merchants Bank intermediate business from wholesale to retail business, and other aspects of the transition; and in 2009 the second transformation of low returns on capital expenditure for high goals, gradually realizing the meaning intensive management. In the clearUnder the guidance of future retail business benefits such as China Merchants Bank credit card, risk control and optimization of the process of continuously strengthening loan price rising of China Merchants Bank will further promote the steady growth of business performance. As of June 30, 2011, the company in 96 cities in mainland China with 82 branches and 763 branch, 2 branches-level franchise organizations(Credit cards and small business credit Center) diablo 3 gold, 1 representative office, 1917 self-service banking, wholly-owned subsidiary of silver 1 financial leasing company; in Hong Kong's Wing Lung Bank Limited and the Bank of China International Capital Corporation Limited 2 wholly-owned subsidiaries, and 1 branch (Hong Kong Branch), in the United States with branches in New York and United States representative office, representatives offices in London and TaipeiOffice. According to the people's Bank of China in June 2011, bank credit reporting of income and expenditure, as at the end of 2011 in 32 total deposits and loans of the company's market share and ranking system of small and medium-sized banks are as follows: total outstanding renminbi deposits, 11.46% market share, 1th; renminbi deposits in total deposits, 20.05% market share, 1th; peopleCurrency loans, the market share of 10.09%, 2nd, RMB consumer loans, the market share of 22.67%, 1th. Agency perspective future prospect better haitong securities (600,837), taking into account the strategic clarity, a restructuring of the company accumulated a company in the retail and business area in the middle of first-mover advantage, Spreads and size level at the forefront; secondary transition objectives established will enable companies in the cost management and control capacity and risk management advantages to further highlight. In the long term, we believe that the development of China Merchants Bank in business structures, strategies, profitability and overall strength more prominent and better prospects for the future development. The above analysis, given the company 6Target price $ 14 a month, corresponding to 2012 times price-earnings ratio, and given the company a "buy" rating. GF (000776) estimated net profit of China Merchants Bank in 2011 is $ 36.037 billion, an increase of 39.85%, 2012 net income of 46.106 billion yuan, an increase of 27.94%. China MerchantsBank demand deposit accounts for high and spread at a higher level; good business growth, subsequent provision made less pressure. 　　Maintain its "buy" rating, price target $ 14.09, 8.44 times 2011 PE,1.87 2011 PB. Ping an securities expects China Merchants Bank 2011-13 annual earnings per share were 1., 62, 1.82, net book value per share $ 7.23, 8.2 diablo 3 gold, respectively, China Merchants Bank indebtedness outstanding cost management, controlled asset quality risks and capital intensive pattern of growth of the early results, covered for the first time giving the "highly recommended" rating.