- Preliminary net income for Bank of Hangzhou in the fiscal year is reported at 16.98 billion yuan, precisely matching analysts’ estimates of 16.98 billion yuan.
- The bank’s preliminary non-performing loans ratio stands at 0.76%, slightly better than the estimated 0.77%.
- Reported preliminary net income shows an impressive growth of 18.1% from the previous period.
- The provision coverage ratio for the bank is exceptionally strong at 541.5%.
- Market sentiment towards Bank of Hangzhou appears positive with 18 buy recommendations, 5 hold recommendations, and no sell recommendations.
A look at Bank of Hangzhou Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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, according to Smartkarma’s Smart Scores, seems to have a promising long-term outlook. With top scores in Value and Dividend factors, the company appears to be financially sound and investor-friendly in terms of returns. Additionally, it has achieved a strong score in Growth, indicating potential for expansion. However, there are areas of concern highlighted by the lower scores in Resilience and Momentum, suggesting some volatility and slower market performance.
Overall, Bank of Hangzhou, a banking services provider that offers a range of financial products, seems to have a solid foundation for growth and profitability. Investors may find the company attractive for its strong value proposition and dividend potential, although they should also consider the lower scores in resilience and momentum factors as potential risks to monitor.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
