China Banks: Long ICBC, Short Bank of Tianjin
We advocate a Long-Short trade over a 12 month horizon in ICBC (H) (1398 HK) versus Bank Of Tianjin (1578 HK) Our conviction is that shares of...
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China Banks: Income Opportunities Compensate for Balance Sheet Risks.
Chinese banks are not excessively valued on a P/Book, PER, Franchise Valuation, and Dividend Yield basis. One can pick up shares in the low-risk...
818 Views
China Everbright Bank: Life Can Never Give Security; It Can Only Promise Opportunity.
In terms of fundamental progression and valuation, China Everbright Bank Co A (601818 CH) shines. At Q219, the bank reported benign trends,...
488 Views
Bank of Hangzhou: The Tide Must Reach Its Lowest Before It Turns
While Bank of Hangzhou Co Ltd (600926 CH) may tick the boxes for fundamental progression and valuation, we remain on the sidelines.The bank does...
541 Views
Bank of Tianjin: More of the Risky Same
Bank Of Tianjin (1578 HK) results are again deceptively strong with positive trends in profitability, in efficiency, in capital adequacy, and in...
420 Views