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HK Stock MarketDetailed Quotes
03328 BANKCOMM
- 6.910
- +0.090+1.32%
Trading May 7 11:21 CST
513.16BMarket Cap5.04P/E (TTM)
7.010High6.770Low23.79MVolume6.890Open6.820Pre Close164.72MTurnover0.07%Turnover Ratio5.08P/E (Static)74.26BShares7.01052wk High0.48P/B241.93BFloat Cap4.67052wk Low0.41Dividend TTM35.01BShs Float7.010Historical High0.410Dividend LFY3.52%Amplitude-2.788Historical Low6.924Avg Price1000Lot Size5.93%Div YieldTTM5.93%Div Yield LFY
BANKCOMM News
The central bank: Starting from May 15, the reserve requirement ratio for Financial Institutions will be lowered by 0.5 percentage points.
The People's Bank of China has decided to lower the reserve requirement ratio for Financial Institutions by 0.5 percentage points (excluding Financial Institutions that have already implemented a 5% reserve requirement ratio) starting from May 15, 2025, and to lower the reserve requirement ratio for Autos financing companies and financial leasing companies by 5 percentage points.
China Securities Co.,Ltd.: Banks' core revenue improved marginally in Q1 2025, while Other non-interest income had a significant drag.
Looking ahead to 2025, scale growth is stable, and the decline in interest margins is expected to narrow with optimized deposit costs, but Other non-interest income will continue to negatively impact revenue. With stable Asset quality, profits can maintain positive growth.
【Brokerage Focus】CITIC SEC: In the first quarter, the Banks Sector is running at a low level of prosperity, but the relative value logic holds for the entire year.
Jingwu Financial News | CITIC SEC stated that in the first quarter, the Bank Sector experienced low-level running conditions, with adjustments in existing mortgage loan rates and LPR repricing concentrated in the first quarter, which reduced bank interest margins. Fluctuations in the bond market impacted banks' non-interest income, leading to negative growth in revenue and profit for the Bank Sector in the first quarter. We believe that due to: 1) the frequency and magnitude of LPR cuts in the first quarter being significantly lower than anticipated; 2) the positive effect of deposit repricing on interest margins beginning to materialize; 3) a decrease in bond market fluctuations and the timely adjustment of bank strategies, revenue and profit growth rates are expected to gradually recover in the subsequent quarters. The negative growth in profits of large banks in the first quarter has a guiding effect.
Zhongtai: The dividend attributes of bank stocks are prominent, focusing on two investment main lines.
Zhongtai stated that under the background of "reciprocal tariffs," the dividend attributes of bank stocks are highlighted, suggesting actively paying attention to the investment value of bank stocks, focusing on large banks, China Merchants Bank, and high-quality urban and rural commercial banks.
Market Chatter: Schroders Sees Net Outflows in Q1 Due to China Withdrawals
Bank of America Securities: Raised the Target Price of Bank Of Communications (03328) to 6.3 Hong Kong dollars, rating "Underperform".
The bank maintains a "underperform" rating for Bank of Communications, mainly due to the unattractive dividend yield and dilution after the capital injection.
Citibank: Bank Of Communications' profit growth in the first quarter exceeds that of peers, giving a "Buy" rating.
Citigroup released a research report stating that Bank Of Communications (03328) is expected to have a 1.5% year-on-year growth in profits for the first quarter of the 2025 fiscal year, outperforming its peers, which may help offset some concerns regarding dilution and dividend per share. After considering dilution, Bank Of Communications' H shares still offer a substantial dividend yield of 5%, making it attractive to income-seeking investors. Therefore, the bank anticipates that the market will respond positively to Bank Of Communications' robust performance in the first quarter. Citigroup has set the Target Price for Bank Of Communications at HKD 6.81, giving it a 'Buy' rating.
HSBC Flags Up to $1.6 Billion in Pre-Tax Losses on BoCom Share Sale
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.
Bank of Communications Q1 Profit Rises 1.5%, Net Operating Income Down 1.1%
China Mainland Banking stocks are weakening, CM BANK (03968) is down 5.51%, many banks' net profits fell year-on-year in the first quarter.
Jinwu Finance News | China Mainland Banking stocks are weak. As of press time, SHENGJINGBANK (02066) fell by 8.57%, CM BANK (03968) fell by 5.51%, Postal Savings Bank Of China (01658) fell by 5.36%, Industrial And Commercial Bank Of China (01398) fell by 4.74%, China Construction Bank Corporation (00939) fell by 4.23%, and Bank Of Communications (03328) fell by 3.96%. In terms of news, several banks announced their performance for the first quarter of 2025. Among them, China Construction Bank Corporation's net profit in the first quarter decreased by 3.99% year-on-year; Industrial And Commercial Bank Of China's net profit in the first quarter decreased by 3.99% year-on-year; Bank Of China’s net profit in the first quarter year-on-year.
Bank of Communications: Bank of Communications Report for the First Quarter of 2025
Bank of Communications H Share Announcement-2025 First Quarter Results Announcement
Bank of Communications Report for the First Quarter of 2025
HSBC Expects Up to $1.6 Billion Loss in China's Bank of Communications' Stake Reduction
BCOM: In the first quarter of 2025, performance is stable, with net income increasing by 1.54% year-on-year.
Bank Of Communications' Q1 2025 performance is stable: asset quality improves, profits slightly increase by 1.54%. Key points summary: Performance: Bank Of Communications achieved a net income of 25.372 billion yuan in Q1 2025, a year-on-year increase of 1.54%, with total assets rising to 15.29 trillion yuan, an increase of 2.61% from the end of last year. Asset quality: Non-performing loan ratio is 1.30%, a decrease of 0.01 percentage points from the end of last year, with a provision coverage ratio of 200.41%, overall asset quality remains stable. Core business: Customer loan balance reached 8.92 trillion yuan, an increase of 4.24% from the end of last year, including corporate loans growing.
Bank of Communications 1Q Net CNY25.37B Vs. Net CNY24.99B >3328.HK
Bank Of Communications (03328.HK) reported a net income of 25.372 billion yuan in the first quarter, an increase of 1.54% year-on-year.
On April 29, Gelonghui reported that Bank Of Communications (03328.HK) announced that in the first quarter of 2025, the group's total Assets amounted to 15,288.895 billion yuan, an increase of 2.61% compared to the end of last year; total liabilities reached 14,112.326 billion yuan, an increase of 2.67% compared to the end of last year; and Shareholder equity (attributable to parent company Shareholders) was 1,165.925 billion yuan, an increase of 1.89% compared to the end of last year. From January to March 2025, the Net income from operations was 66.44 billion yuan, a decrease of 1.13% year-on-year; the Net income (attributable to parent company Shareholders) was 25.372 billion yuan, a year-on-year increase of 1.5.
Express News | Bank of Communications - as at Qtr-End, Npl Ratio 1.30%
Express News | Bank of Communications Q1 Net Interest Margin 1.23%