- Bank of Hangzhou reported a fiscal year net income of 16.98 billion yuan, closely aligning with the estimated 16.99 billion yuan.
- The bank maintained a non-performing loans ratio of 0.76%, meeting market expectations.
- The core tier 1 capital ratio was slightly higher than anticipated, at 8.85% compared to the estimated 8.64%.
- The provision coverage ratio stood at 541.5%, just under the projected 541.6%.
- Analyst recommendations for the bank included 19 buy ratings, 5 hold ratings, and no sell ratings.
A look at Bank of Hangzhou Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
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
Bank of Hangzhou is looking positive in the long term, based on its Smartkarma Smart Scores. With top scores in Value, Dividend, and Growth, the bank is positioned well for future success. These high scores suggest that the company is undervalued, offers attractive dividend payouts, and shows strong growth potential. The bank’s resilience and momentum scores, although not as high as the others, still indicate a decent performance in these areas.
Bank of Hangzhou Co.,Ltd is a banking institution focused on providing a range of financial services including deposits, loans, currency trading, credit card issuance, and wealth management. Additionally, the company is involved in online banking operations, enhancing its reach and accessibility in the digital age. With its strong Smartkarma Smart Scores across key factors, Bank of Hangzhou appears to be in a solid position for long-term growth and success in the banking industry.
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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