Bocom Earnings: Yangtze River Delta Strength Supports Margin; Fair Value Estimate Up 4%
Bank of Communications', or Bocom's, second-quarter revenue and profit growth improved to 9% and 5%, respectively, from 5% and 3% in the first quarter.
Bank of Communications Co Ltd Class A 601328
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
Credit card loan quality remains under pressure, with the special mentioned loan ratio increasing to 4.2%, the highest level among all retail loan categories.
Trading Information
- Previous Close Price
- CN¥7.62
- Day Range
- CN¥7.58–7.76
- 52-Week Range
- CN¥6.37–7.77
- Bid/Ask
- CN¥7.74 / CN¥7.75
- Shares Outstanding
- 88.36B
- Market Cap
- CN¥684.82B
- Volume/Avg
- 191M / 184M
Key Statistics
- Price/Earnings (Normalized)
- 7.75
- Price/Sales
- 2.71
- Dividend Yield (Trailing)
- 4.19%
- Dividend Yield (Forward)
- 4.19%
- Dividend Payment Schedule
- Jul, Dec
- Total Yield
- 4.19%
Company Profile
Bank of Communications stands as the only nationwide state-owned commercial bank headquartered in Shanghai and ranks among China's four oldest financial institutions. Following its 1987 restructuring as the nation's first state-owned shareholding commercial bank, Bocom is now executing a strategic pivot toward becoming a global wealth management institution with integrated operations spanning insurance, brokerage, trust, and asset management.The bank operates a comprehensive financial services platform encompassing corporate finance, personal banking, and money market activities. Bocom plays a strategic role in RMB internationalization as one of the inaugural participants in the Cross-Border Interbank Payment System.
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Stock Style Box
- Large Value
- Total Number of Employees
- 97,932
- Website
- https://www.bankcomm.com
Competitors
Valuation
|
Metric
|
601328
|
601998
|
601988
|
|---|---|---|---|
Price/Earnings (Normalized) | 7.75 | 7.50 | 9.10 |
Price/Book Value | 0.59 | 0.68 | 0.79 |
Price/Sales | 2.71 | 2.50 | 3.31 |
Price/Cash Flow | 9.88 | 3.73 | 13.21 |
Price/Earnings
601328
601998
601988
Financial Strength
|
Metric
|
601328
|
601998
|
601988
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Quick Ratio
No chart available
Profitability
|
Metric
|
601328
|
601998
|
601988
|
|---|---|---|---|
Return on Assets (Normalized) | 0.62% | 0.72% | 0.93% |
Return on Equity (Normalized) | 8.48% | 10.00% | 13.31% |
Return on Invested Capital (Normalized) | — | — | — |
Return on Assets
601328
601998
601988
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