Here's Why Agricultural Bank of China (HKG:1288) Has Caught The Eye Of Investors

Simply Wall StMay 1 18:26 ET

Citigroup: Expects Agricultural Bank Of China stock prices to benefit from seeking high-yield investors, rating it as "Buy".

Citi released a Research Report stating that it believes the market has reacted positively to the Agricultural Bank Of China's (01288) first quarter Net income growth of 2.2% year-on-year, based on the bank's non-performing loan coverage ratio being higher than its peers, a focus on domestic Business, and a strong operational foundation in rural and county areas, which may be less affected by the escalation of China-U.S. tariffs, along with the strong incentive measures from the management. The bank currently rates Agricultural Bank Of China as "Buy" with a Target Price of 4.75 Hong Kong dollars. Citi believes that Agricultural Bank Of China has good conditions to sustain profit growth faster than its peers, which will help support its premium valuation compared to other large banks. Since the Postal Savings Bank's A-shares will go ex-dividend on April 30, it may promote a search for ...

Sina Hong Kong Stock.Apr 30 05:06 ET

UBS Group: Bank Of China has the strongest revenue growth among state-owned domestic banks, with a Target Price of 4.7 Hong Kong dollars.

UBS Group published a Research Report stating that the Net income of Bank Of China (03988) in the first quarter of the 2025 fiscal year decreased by 2.9% year-on-year, slightly lower than UBS Group's expectations, and lagged behind Agricultural Bank Of China (01288) and Bank Of Communications (03328). Nevertheless, Bank Of China achieved the strongest revenue growth among state-owned banks. However, operating expenses increased significantly by 9.8%, weaker than UBS Group's expectations; the effective tax rate rose by 3.5 percentage points year-on-year to 20%, far exceeding UBS Group's expectations. UBS Group estimates that the market's reaction to Bank Of China's first quarter performance is neutral to slightly positive. The bank has a Target Price of HKD 4.7 and gives a "Buy" rating.

Sina Hong Kong StocksApr 30 03:40 ET

Rare among large banks! How did Agricultural Bank achieve revenue and profit growth against the trend in Q1?

China Merchants believes that the core benefit comes from Other non-interest growth against the trend, with a growth rate of 45.3% in Q1 2025. The high growth of Other non-interest against the trend indicates that Agricultural Bank may have realized gains at the low point of interest rates in the first quarter, on one hand achieving the entry of OCI floating profits into investment income, and on the other hand reducing the extent of floating losses caused by adjustments in the bond market.

wallstreetcnApr 30 02:32 ET

Trending Stocks Today: XIAOMI-W up 4.74%

Moomoo NewsApr 30 02:00 ET

AgBank Q1 Profit Up 2%; Shares Slide 4%

MT NewswiresApr 29 23:42 ET