Shen Zhen Shang Bao·2025-09-04 23:10Group 1 - The banking sector showed resilience with a 0.75% increase in the banking index on September 4, 2023, led by Agricultural Bank of China, which surged 5.17% to reach a market capitalization of 2.55 trillion RMB, surpassing Industrial and Commercial Bank of China [1] - Postal Savings Bank also saw a rise of over 2.9%, with its market value exceeding 2 trillion RMB, marking a historical high [1] - Analysts suggest that the rise in bank stocks is supported by their stable high dividend yields, with banks transitioning from "pro-cyclical" to "weak-cyclical" assets, indicating robust asset quality and stable performance [1] Group 2 - Despite significant gains in the banking sector this year, with Agricultural Bank leading at a 47.15% increase, analysts believe that the current valuation is at historical lows, approximately 0.6 times PB, with a dividend yield near 4%, providing a safety margin for investors [2] - The outlook for 2025 suggests a potential end to the down cycle for bank earnings, with expectations of improved fundamentals next year, as indicated by recent mid-year reports showing a rebound in revenue and profit growth [2] - The high dividend characteristics of the banking sector are expected to attract investors during a period of market stagnation, indicating potential for a rotational rebound in stock prices [2]