China Construction Bank Corp Class A
601939: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| C.@ | LOCK|#Cf%R | LOCK|!%PCl#q |
China Construction Bank: Reduced Cost of Equity Estimates, Increases in Fair Value
We update our cost of equity assumption for China Construction Bank to reflect recent industry and regulatory developments. First-quarter loan growth fell 3 percentage points from 2024, as the central bank has shifted focus since mid-2024 from quantitative targets to curbing pricing competition.
