Earnings Alerts

Bank of Shanghai (601229) Earnings: FY Net Income Meets Estimates, Q1 Results Released

  • Bank of Shanghai’s full year net income aligns with estimates, totalling 22.54 billion yuan.
  • The estimated value of their full year net income was slightly higher, at 22.74 billion yuan.
  • Looking into the first quarter results, the net income was reported to be 6.15 billion yuan.
  • In terms of investment ratings, the Bank of Shanghai has received a varied reception: 3 buys, 2 holds, and 1 sell.

A look at Bank of Shanghai Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth3
Resilience2
Momentum5
OVERALL SMART SCORE4.0

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 Shanghai, according to the Smartkarma Smart Scores, is positioned for a positive long-term outlook. With a top score of 5 in both Value and Dividend factors, the company is deemed to be strong in terms of its investment value and dividend payouts. This signifies that Bank of Shanghai is viewed favorably for its financial health and ability to generate returns for its investors.

While scoring slightly lower in Growth and Resilience factors with scores of 3 and 2 respectively, Bank of Shanghai excels in Momentum with a score of 5. This indicates that the company is experiencing strong positive price trends and market sentiment. Overall, based on the Smart Scores, Bank of Shanghai is anticipated to perform well in the long term, presenting a robust financial standing and promising investment opportunities for stakeholders.

Summary: Bank of Shanghai Co., Ltd. is a company that provides a range of banking services including deposits, loans, foreign exchange, and fund management to individuals, enterprises, and other clients. The company has received favorable scores in Value, Dividend, and Momentum factors according to Smartkarma Smart Scores, suggesting a positive long-term outlook.


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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