China Construction Bank’s Stock Price Stumbles at 4.82 HKD, Recording a 0.62% Drop

China Construction Bank (939)

4.82 HKD -0.03 (-0.62%) Volume: 266.18M

China Construction Bank’s stock price stands at 4.82 HKD, witnessing a slight dip of -0.62% in the current trading session with a robust trading volume of 266.18M, yet maintaining a positive year-to-date percentage change of +3.87%, highlighting its steady performance in the market.

Latest developments on China Construction Bank

Recent events have seen a significant surge in China Construction Bank Co.’s (OTCMKTS:CICHF) short interest, marking a 9.3% increase in March. This notable shift has played a substantial role in the bank’s H stock price movements today, as investors respond to the heightened interest and adjust their strategies accordingly.

China Construction Bank on Smartkarma

Smartkarma, an independent investment research network, provides valuable insights on companies like China Construction Bank H. Recently, analyst Daniel Tabbush published a report on the bank’s subsidiary, China Housing Rental, which is set to be listed. However, Tabbush notes that this listing may not have a significant impact on the bank’s overall loans and could be overshadowed by weak credit metrics. The report also highlights that CCB’s credit costs may not remain low for long, as there has been a significant increase in loss non-performing loans (NPLs) compared to total NPLs. This could potentially affect the bank’s profitability in the future.

A look at China Construction Bank Smart Scores

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

China Construction Bank H is poised for a positive long-term outlook, according to the Smartkarma Smart Scores. With a score of 4 for value and 5 for dividend, the company shows strong potential for growth and profitability. Additionally, with a score of 4 for growth and 5 for momentum, China Construction Bank H is expected to continue its upward trajectory in the market.

The company, which offers a wide range of banking products and services to both individuals and corporate customers, has a solid foundation in its three main business segments: corporate banking, personal banking, and treasury operations. This, coupled with its strong performance in infrastructure loans, residential mortgages, and bank cards, positions China Construction Bank H for a promising future. With a score of 3 for resilience, the company has also shown its ability to weather any potential challenges in the market. Overall, the Smartkarma Smart Scores indicate that China Construction Bank H is a strong investment option for the long-term.

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