CITIC Securities: Dividend characteristics highlighted, focus on investment value of bank stocks.

The China-Thai Securities research report states, "Under the background of 'equal tariff', the dividend attributes of bank stocks are highlighted. It is recommended to actively pay attention to the investment value of bank stocks, focusing on large banks, China Merchants Bank, and high-quality city commercial and rural commercial banks. The upward trend of government bond yields in the first quarter is facing marginal changes, and the cost-effectiveness of the high dividend bank sector is increasing. Two investment themes: one is large banks with high dividends; the other is city commercial and rural commercial banks with location advantages and strong certainty."