
Agricultural Bank of China (1288)
5.71 HKD +0.05 (+0.88%) Volume: 239.92M
Agricultural Bank of China’s stock price stands at 5.71 HKD, witnessing a +0.88% surge this trading session with a robust trading volume of 239.92M, and a significant YTD price escalation of +28.89%, showcasing a commendable stock market performance.
Latest developments on Agricultural Bank of China
Today, Agricultural Bank of China (01288.HK) announced the proposed listing date for its US$300 million floating-rate notes maturing in 2028 on December 9. Meanwhile, BlackRock’s long position in Agricultural Bank of China H shares has decreased to 5.78%, as reported by HKEX. Additionally, a study has revealed that mainland bank apps outperform those in Hong Kong and Singapore. In other news, Bank of China Dubai Branch has listed a $500 million bond on Nasdaq Dubai.
Agricultural Bank of China on Smartkarma
Analysts on Smartkarma, such as Travis Lundy and Pranav Rao, have provided bullish coverage on Agricultural Bank Of China. Lundy’s report on the A/H Premium Tracker highlighted the outperformance of H shares over A shares and the mixed performance of sectors. He recommended staying long on the stock and mentioned nine new recommendations for the week. On the other hand, Rao’s Curator’s Cut discussed A-H share trading dynamics, copper market plays, and China’s real estate market stabilization, all of which could impact Agricultural Bank Of China‘s performance.
A look at Agricultural Bank of China Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Agricultural Bank Of China has a positive long-term outlook. With high scores in Value and Dividend, the company is seen as a strong investment option for those looking for stability and potential returns. Additionally, its high Momentum score indicates that the company is performing well in the current market environment.
While Agricultural Bank Of China may not score as high in Growth and Resilience, its overall outlook remains favorable. As a provider of a wide range of commercial banking services, including deposit, loan, and currency trading, the company is well-positioned to weather economic fluctuations and continue to attract investors seeking a reliable option in the banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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