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Morgan Stanley lists the valuation and dividend yield forecasts for Hong Kong H-shares of domestic banks this year (Table)

Morgan Stanley released a report on the outlook for the Chinese financial industry, predicting the price-to-book ratio, return on equity, and dividend yield for H-shares of domestic banks. Agricultural Bank of China is expected to have a price-to-book ratio of 0.59 times, a return on equity of 9.6%, and a dividend yield of 5.1%; Industrial and Commercial Bank of China has a price-to-book ratio of 0.48 times, a return on equity of 9.1%, and a dividend yield of 5.9%; China Construction Bank has a price-to-book ratio of 0.49 times, a return on equity of 9.7%, and a dividend yield of 5.9%; Bank of China has a price-to-book ratio of 0.46 times, a return on equity of 8.5%, and a dividend yield of 6.1%; Postal Savings Bank has a price-to-book ratio of 0.5 times, a return on equity of 8.1%, and a dividend yield of 5%; China Merchants Bank has a price-to-book ratio of 0.92 times, a return on equity of 12.6%, and a dividend yield of 4%; CITIC Bank has a price-to-book ratio of 0.44 times, a return on equity of 9.4%, and a dividend yield of 6.3%; China Minsheng Bank has a price-to-book ratio of 0.26 times, a return on equity of 5.1%, and a dividend yield of 5.8%; Bank of Communications has a price-to-book ratio of 0.42 times, a return on equity of 7.5%, and a dividend yield of 5.8%; CEB Bank has a price-to-book ratio of 0.31 times, a return on equity of 7%, and a dividend yield of 6.6%; Agricultural Development Bank of China has a price-to-book ratio of 0.4 times, a return on equity of 8.5%, and a dividend yield of 6.2%

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