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March 30th, 2014 at 1:28 pm
No plans to trade anything tonight Burrben (re: / CL) but may watch a bit. If the following news item moves the indices tomorrow pre mkt..then I will likely be watching long on / YM and / TF. NKD might keep moving up. Who knows. No bias one way or the other for now.
By MarketWatch
BEIJING–China Construction Bank Corp. (0939.HK) said Sunday its 2013 net profit rose 11% from a year earlier, as higher interest income and commissions offset the impact of slower economic growth and liberalized interest rates.
The country's second-largest lender by assets said its net profit for the 12 months ended Dec. 31 totaled 214.66 billion yuan ($35.2 billion), up from CNY193.18 billion in 2012.
The result was higher than the average forecast of CNY212.29 billion by 29 analysts polled by Thomson One Analytics.
Net interest income, a key revenue for Chinese banks, rose 10% on the year to CNY389.54 billion. Fee and commission income rose 11% on the year to CNY119.06 billion, the bank said.
The bank said its net interest margin narrowed to 2.74 percentage points from 2.75 percentage points a year earlier.
It also said its nonperforming loan ratio remained unchanged at 0.99% at the end of 2013.