CHINA MERCHANTS BK H ++++

Schreibst du über diese aktie nichts mehr,
sie läuft doch super oder? Bist du noch
an Bord oder schon raus. mfg.

Three Chinese banks ready to issue ABS totaling 12 to 15 bln yuan - source

BEIJING (XFN-ASIA) - Industrial Bank, China Merchants Bank, and China CITIC Bank are waiting for regulatory approval to launch collateralized loan obligations (CLOs), a type of asset backed securities (ABS), an industry source told XFN-Asia.

Each bank is expected to issue between 4 bln to 5 bln yuan in CLOs, similar to those issued by Shanghai Pudong Development Bank and Industrial and Commercial Bank of China (ICBC) earlier, according to the source.

Last month, Pudong Development Bank sold 4.23 bln worth of CLOs and ICBC sold 4.01 bln yuan worth.

China is pressing ahead with the second batch of pilot ABS issues by financial institutions, although the market remains small, with outstanding issuances estimated at 55.39 bln yuan, including the two recent issues.

The government has set a target of 60 bln yuan in ABS issuance this year.

The first batch of such issues started in 2005.

""Hopefully government approval will be granted in this month or the next, so the CLOs all could be launched by the end of the year,"" the source said.

Es wird hier nicht viel darüber geschrieben
ist da keiner investiert, meldet euch bitte
und was haltet ihr von der aktie, sie steigt
ja ständig und ist sehr stabil. lg.

China Merchants Bank (3968.HK: Quote, Profile , Research) shot up 4.3 percent to HK$39.15 after saying its third-quarter net profit was 3.85 billion yuan, in line with expectations. It did not give year-earlier comparisons for the earnings per share or assets per share. [ID:nSHA313897]

Merrill Lynch upgraded its target price for China Merchants Bank (3968.HK: Quote, Profile , Research) by 42 percent to HK$49.5 per share after the bank reported better-than-expected third quarter earnings.

China Merchants Bank Target Raised To HK$49.5-ML

Merrill Lynch raises target for China Merchants Bank (3968.HK) to HK$49.50 from HK$34.80 after bank reports "very strong" 3Q results, with core earnings up 81% from year earlier. "With its strong retail market brand name and relatively high-end customer base, CMB has been a major beneficiary of the stock-market-related fee income growth and liquidity driven asset size growth." Says bank should also benefit form booming consumer spending and borrowing, due partly to wealth effect from strong stock market. Raises 2007-2009 earnings forecasts by 15% to 20%, driven by higher net interest margin expansion. Keeps Buy on stock, which +3.2% at HK$38.75

3968 CM BANK 38.3 -0.65 -1.67 930,970 23,766

China Merchants Bank target price raised to 46 hkd - ABN Amro


ABN Amro on Wednesday increased its target price for China Merchants Bank to 46 Hong Kong dollars from 43 dollars as it expects the mainland lender to keep up its strong financial performance in the last quarter of 2007.

The bank said on Monday that its January-September net profit grew 128 percent from a year earlier, buoyed by robust lending growth and non-interest income.

The Shenzhen-based bank's net profit rose to 9.97 billion yuan, under Chinese accounting standards, from 4.37 billion yuan.

Analysts were expecting net profit of 8.9 billion yuan.

ABN Amro also increased its full-year earnings estimate by 7 percent to 13.22 billion yuan in view of the higher fee income and net interest income from a larger-than-expected increase in deposits by securities companies. The brokerage has a ""buy"" call on the stock.

""After our earnings revision, the nine-month result would equal 75 percent of our 2007 forecast. This looks conservative compared to the pattern in the past two years where China Merchants Bank pulled in a considerable fourth-quarter earnings,' ABN Amro analyst Simon Ho said in a research note.

In 2005 and 2006, profit in the first nine months accounted for 65 percent of full-year earnings.

China Merchants Bank's net interest income for the first nine months of 2007 rose 59 percent to 23.36 billion yuan.

Net fee and commission income grew 154 percent to 4.39 billion yuan. Fee income for the third quarter made up 39 percent of the net fees received over the first nine months, putting to rest market concerns about the sustainability of this stream of income.

Since the end of last year, the bank's deposits have increased 16 percent, outpacing loan growth of 12.1 percent and the industry's deposit growth rate of 13.5 percent.

Shares of China Merchants were down 65 cents or 1.7 percent at 38.30 dollars at the end of the morning session Wednesday as investors locked in profits on Tuesday's 3.7 percent gain.