Skip to Content

Bank of Communications Co Ltd Class A 601328

Morningstar Rating
CNY 7.28 +0.01 (0.14%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Bocom Is in a Good Position to Capture the Promising Growth Opportunity in the Yangtze River Delta

Striving to become China's leading wealth-management bank, Bocom is building its international presence and developing a wide range of financial service businesses. The bank achieved solid progress in the transformation, as evidenced by its rising retail customer base, customer assets under management, and a booming credit card business. Its deposit base remained weaker than those moaty peers, resulting in higher funding costs for the bank. We expect Bocom still has a long way toward its goal of being a leading wealth management bank.

Price vs Fair Value

601328 is trading within a range we consider fairly valued.
Price
CNY 7.27
Fair Value
CNY 1.80
Uncertainty
High
1-Star Price
CNY 2.67
5-Star Price
CNY 3.40
Economic Moat
Xmqsm
Capital Allocation
Sslmqxs

Bulls Say, Bears Say

Bulls

Bocom has a deep and entrenched foothold in the Yangtze River Delta, which is the most developed area of China's private economy. Its nearly 20% contribution to China’s gross domestic product makes it fertile ground for future loan growth.

Bears

Bocom's mortgage loan balance fell 1% from 2022 as of mid-2023 on early mortgage prepayment.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if 601328 is a good fit for your portfolio.

News

Trading Information

Previous Close Price
CNY 7.27
Day Range
CNY 7.257.34
52-Week Range
CNY 5.427.38
Bid/Ask
CNY 7.28 / CNY 7.29
Market Cap
CNY 540.63 Bil
Volume/Avg
153.2 Mil / 130.7 Mil

Key Statistics

Price/Earnings (Normalized)
6.85
Price/Sales
2.28
Dividend Yield (Trailing)
5.13%
Dividend Yield (Forward)
5.13%
Total Yield
5.13%

Company Profile

Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.
Sector
Financial Services
Industry
Banks - Diversified
Stock Style Box
Large Value
Total Number of Employees
94,275

Comparables

Valuation

Metric
601328
600015
600928
Price/Earnings (Normalized)
6.854.115.84
Price/Book Value
0.570.350.45
Price/Sales
2.281.231.98
Price/Cash Flow
0.462.58
Price/Earnings
601328
600015
600928

Financial Strength

Metric
601328
600015
600928
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
601328
600015
600928
Return on Assets (Normalized)
0.66%0.63%0.45%
Return on Equity (Normalized)
10.30%9.64%6.31%
Return on Invested Capital (Normalized)
Return on Assets
601328
600015
600928
See how this stock stacks up to its competitors with Morningstar Investor

Banks - Diversified Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
JPMorgan Chase & Co
JPM
DsjpycmysGczq$571.1 Bil
Bank of America Corp
BAC
KqmbxxkDcbf$313.0 Bil
Wells Fargo & Co
WFC
NxckkjczWqr$205.7 Bil
HSBC Holdings PLC ADR
HSBC
VytpthtrYpkk$162.6 Bil
Royal Bank of Canada
RY
HncwrshgqsXqgx$149.8 Bil
Citigroup Inc
C
RmcyphmtYqqzj$117.0 Bil
Mitsubishi UFJ Financial Group Inc ADR
MUFG
DygdktbfgRdszk$115.5 Bil
UBS Group AG
UBS
YrxwlwmtcjNckmgtc$98.1 Bil
The Toronto-Dominion Bank
TD
CsrsnnqdjRkyl$96.8 Bil
Banco Santander SA ADR
SAN
JmsfJfdlyx$73.0 Bil

Sponsor Center